USDJPY approaching support, potential bounce!
USDJPY is approaching our first support at 111.22 (horizontal pullback support, 61.8%, 100% Fibonacci extension, 50%, 61.8% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 111.57 (38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is also approaching support.
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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