USDJPY approaching support, potential bounce!
USDJPY is approaching our first support (horizontal overlap support, 38.2% Fibonacci retracement) where a strong bounce might occur to our first resistance (horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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