USDJPY testing its support, potential to rise further!
USDJPY is testing its support area at 106.65 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support, ascending support line) where it could potentially rise to its 1st resistance at 108.02 (100% Fibonacci extension, 61.8% Fibonacci extension, horizontal pullback resistance). We have also identified another support at 106.08 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support).
Stochastic (34, 5, 3) made a corresponding bounce off its support where it has a lot of upside potential.
Stochastic (34, 5, 3) made a corresponding bounce off its support where it has a lot of upside potential.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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.
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.