USDJPY Testing Support, Potential Bounce!
USDJPY is testing its support at 109.15 (50% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap support) where price could bounce up to its resistance at 110.18 (50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 4.8% where a corresponding bounce could occur.
Stochastic (55, 5, 3) is approaching its support at 4.8% where a corresponding bounce could occur.
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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.