Klimex

USDJPY Approaching Support, Prepare For A Bounce

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY is approaching its support at 111.018 (76.4% Fibonacci retracement, horizontal overlap support, 61.8% Fibonacci extension) where it could potentially bounce to its resistance at 111.441 (50% Fibonacci retracement).

Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur.

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