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USDJPY Approaching Support, Potential Bounce!

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USDJPY is approaching its support at 110.174 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 110.678 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur.
Chart PatternsHarmonic PatternsTrend Analysis
ICmarkets
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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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