USDJPY hovering above major support, watch for a bounce!
USDJPY is hovering over major support at 112.02 (Fibonacci extension, Fibonacci retracement, bullish alternate bat harmonic formation) and a strong bounce could occur at this level to push price up towards 112.93 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above 2.9% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is seeing major support above 2.9% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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