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Long

USDJPY Approaching Support, Potential Bounce!

Di ICmarkets
Broker
USDJPY is approaching its support at 111.19 (100% & 61.8% Fibonacci extension, 50% & 23.6% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 111.99 (horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 5.5% where a corresponding bounce could occur.
Chart PatternsHarmonic PatternsTrend Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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