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U.S. Dollar / Japanese Yen
Long

USDJPY Approaching Support, Potential Bounce

By ICmarkets
Broker
USDJPY is approaching its support at 112.65 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 113.19 (50% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 5% where a corresponding bounce could occur.
Chart PatternsForexforexsignalforextradingHarmonic PatternsjpyTrend AnalysisUSDUSDJPYusdjpylongusdjpyshort
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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