USDJPY is approaching our first support at 109.49 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement ) where a strong bounce might occur pushing the price up to our major resistance at 110.69 (horizontal swing high resistance, ,50%&78.6% Fibonacci retracement, 100% Fibonacci extension). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.