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USDJPY Approaching Support, Potential Bounce!
USDJPY is approaching its support at 110.53 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce and rise to its resistance at 111.49 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 8.25% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk. \u2028Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89, 5, 3) is approaching its support at 8.25% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk. \u2028Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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