USDJPY Approaching Support, Potential Bounce!
USDJPY is approaching its support at 110.59 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where price could bounce to its resistance at 112.18 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 4.8% where a corresponding bounce could occur. Ichimoku cloud is also showing signs of downward pressure.
Stochastic (89, 5, 3) is approaching its support at 4.8% where a corresponding bounce could occur. Ichimoku cloud is also showing signs of downward pressure.
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