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USDJPY Bounced Off Support, Potential For A Further Rise

Oleh ICmarkets
Broker
USDJPY bounced nicely off its support at 113.56(61.8% Fibonacci extension, 23.6% & 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 114.04 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is bounced off its support at 11.2% where a corresponding rise could occur.
audCADChart PatternsEURGBPHarmonic PatternsjpyTrend AnalysisUSDUSDJPYusdjpylong
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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