USDJPY Approaching Support, Potential Bounce!
USDJPY is approaching its support at 110.59 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where price could bounce to its resistance at 112.18 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 4.8% where a corresponding bounce could occur. Ichimoku cloud is also showing signs of downward pressure.
Stochastic (89, 5, 3) is approaching its support at 4.8% where a corresponding bounce could occur. Ichimoku cloud is also showing signs of downward pressure.
Disclaimer
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.