USDJPY Approaching Support, Potential Bounce

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY is approaching its support at 109.32 (50% Fibonacci retracement , horizontal swing low) where it could potentially bounce to its resistance at 111.37 (61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap resistance).

Stochastic (55, 5, 3) is approaching its support at 1.6% where a corresponding bounce could occur.


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