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U.S. Dollar / Japanese Yen
Long

USDJPY Approaching Support, Prepare For A Bounce

By Tickmill
Broker

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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Chart PatternsforexsignalsHarmonic PatternsjpyTrend AnalysisUSDUSDJPY
Tickmill
Broker
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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