U.S. Dollar / Japanese Yen
Long
Updated

USDJPY is approaching support, prepare for a bounce!

1 344
USDJPY is approaching its support at 109.22 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where prices could rise to its resistance at 110.13 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is also approaching its support at 5.2% where a corresponding bounce is could occur.
Trade closed: target reached
profit target reached!

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