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U.S. Dollar / Japanese Yen
Long

USDJPY Approaching Support, Potential Bounce!

By ICmarkets
Broker
USDJPY is approaching its support at 110.18 (61.8% Fibonacci extension, 50% Fibonacci retracement x2, horizontal overlap support) where price could potentially bounce off from, rising to its resistance at 111.04 (horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 4$ 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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