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U.S. Dollar / Japanese Yen
Long

USDJPY Approaching Support, Potential For A Bounce

By ICmarkets
Broker
USDJPY is approaching its support at 112.63 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 113.07 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 4.6% where a corresponding bounce could occur.
audCADChart PatternsEURGBPHarmonic PatternsjpyTrend AnalysisUSDUSDJPY
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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