USDJPY approaching support, potential bounce!
USDJPY is approaching our first support at 112.08 (100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 112.76 (38.2% Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,53) is also approaching support where we might see a bounce this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,53) is also approaching support where we might see a bounce this level.
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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