LONG USDJPY near support, could possibly bounce
USDJPY is approaching our first support at 109.08(horizontal swing low support, 61.8% Fibonacci extension , 76.4% Fibonacci retracement ) where a strong bounce might occur pushing the price up to our major resistance at 110.69 (horizontal swing high resistance, ,50%Fibonacci retracement, 61.8% Fibonacci extension ). Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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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.