ICmarkets
Long

CHFJPY Approaching Support, Potential Bounce

FX:CHFJPY   Swiss Franc / Japanese Yen
CHFJPY is approaching its support at 110.75 (61.8% Fibonacci extension , 76.4% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 111.71 (23.6% Fibonacci retracement , horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 1.7% where a corresponding bounce could occur.
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