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Jun 28, 2021 9:12 AM

USDJPY potential for bounce|28th June 2021 Long

U.S. Dollar/Japanese YenFXCM

Description

USDJPY is facing bullish pressure from ascending trendline support in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with -27.2% Fibonacci retracement and 100% Fibonacci extension. If prices continue to push downwards, prices might take support from horizontal swing low support in line with 50% Fibonacci retracement and 100% Fibonacci extension.

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Comments
logician1
I know this may be irrelevant to the analysis, but what does that 60 mean next to the currency pair on the left side? I'm new here.
memphistory1976
@logician1 60 min. It’s the time frame
logician1
@memphistory1976, Ok, so the total time duration for the trend would be 60 minutes long?
memphistory1976
@logician1 the chart is a 60 min chart. Not how long the trend will last 👍🏾👍🏾👍🏾
logician1
@memphistory1976, Ohhhhhhh okay. thank you sir
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