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U.S. Dollar / Japanese Yen
Long

USDJPY Approaching Support, Potential Bounce!

By ICmarkets
Broker
USDJPY is approaching its support at 110.70 (61.8% Fibonacci extension, 61.8% & 50% Fibonacci retracement, horizontal overlap support) where price could bounce to its resistance at 112.18 horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching it support at 7.9% where a corresponding bounce could occur.
Chart PatternsForexforexsignalsHarmonic PatternsjpyTrend AnalysisUSDUSDJPYusdjpylong
ICmarkets
Broker
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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