USDJPY Approaching Support, Prepare For A Bounce

8 thg 5, 2019

USDJPY is approaching its support at 110.07 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 111.14(50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur.
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