USDJPY potential for short bounce | 24th Feb

Price near buy entry level of 114.306 in line with 100% Fibonacci projection and 127.2% Fibonacci retracement. Price can potentially go to the take profit level of 115.231 in line with 100% Fibonacci projection and 38.2% Fibonacci retracement. Our bullish bias supported by the stochastic indicator as it is near support level.

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