USDJPY Bounced Nicely Off Ascending Support
USDJPY bounced nicely off its support at 108.76 (23.6% & 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 109.52 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is bounced off its support at 6.3% where it has the potential to rise further.
Stochastic (89, 5, 3) is bounced off its support at 6.3% where it has the potential to rise further.
Trade closed: target reached
USDJPY obeyed the ascending channel and rose perfectly to our profit target!
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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.