USDJPY Testing Support, Potential Bounce Long

Description

⋅ Oct 15, 2018 4:03 AM

USDJPY is testing its support at 112.191 (100% Fibonacci extension, 23.6% & 38.2% Fibonacci retracement and horizontal overlap support) where it could potentially bounce to its resistance at 113.494 (61.8% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its support at 2.32% where a corresponding bounce could occur.

Comments

Hipplel

⋅ Oct 16, 2018 9:34 PM

Totally agree with this analysis, the uptrend seems to be forming very nicely so far

theivicvofoe5155

⋅ Oct 15, 2018 5:42 AM

This is awesome. I love seeing your perspective and TA. Keep it up man!

Ashanthik

⋅ Oct 15, 2018 4:52 AM

Yes me too agree with you...

PeacefulWarrior

⋅ Oct 16, 2018 12:46 PM

Short-term deal, look at this.

FxArena

⋅ Oct 16, 2018 8:02 AM

This is further down more. Not yet buyers in the market

saeed_7676

⋅ Oct 15, 2018 8:53 AM

i think price would become bullish after touching the 2nd support

loebiglillelund

⋅ Oct 15, 2018 7:31 AM

thx

Mankz

⋅ Oct 15, 2018 7:12 AM

Great Idea! Please take a look at my comment!

phylliscastillo721

⋅ Oct 15, 2018 6:35 AM

Really good idea... thanks!

Jimmy18

⋅ Oct 15, 2018 4:23 AM

I agree with your idea I hope you buy. Take a look at my analysis