Get started
easyMarkets

USDJPY approaching support, potential bounce!

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
easyMarkets Broker  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns USDJPY USD jpy usdjpylong Forex forexsignals
30
0
trendanalysis harmonicpatterns chartpattern usdjpy usd jpy usdjpylong forex forexsignals

USDJPY is approaching our first support at 111.25 (horizontal pullback support, 61.8% fibonacci extension, 23.6% fibonacci retracement) where a strong bounce could occur pushing price up to our resistance at 114.86 (horizontal swing high resistance, 100%, 61.8% fibonacci extension, 76.4% fibonacci retracement).

RSI (34) is approaching support where we might see a corresponding rise in price should it bounce off this level.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Come join us today at : www.easymarkets.com/
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.