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USDJPY Approaching Support, Potential Bounce!

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Tickmill Broker  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns USDJPY USD jpy usdjpylong Forex forexsignals
2
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trendanalysis harmonicpatterns chartpattern usdjpy usd jpy usdjpylong forex forexsignals
USDJPY is approaching its support at 110.53 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce and rise to its resistance at 111.49 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 8.25% where a corresponding bounce could occur.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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