USDJPY Bounced Off Support, Potential For A Further Rise
USDJPY bounced nicely off its support at 113.56(61.8% Fibonacci extension, 23.6% & 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 114.04 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is bounced off its support at 11.2% where a corresponding rise could occur.
Stochastic (55, 5, 3) is bounced off its support at 11.2% where a corresponding rise could occur.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.