USDJPY dropped perfectly as forecasted, prepare for a bounce

USDJPY dropped perfectly as forecasted and is seeing major support above 110.50 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a strong bounce could occur at this level to push price up to at last 111.41 resistance (38.2% Fibonacci retracement, horizontal swing high resistance, Fibonacci extension).

Stochastic (55,5,3) is seeing major support above 2.5% where we expect further bullishness.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Chart PatternsHarmonic PatternsjpyTrend AnalysisUSDUSDJPYusdjpyanalysisusdjpybuyusdjpydailyusdjpylongusdjpylongsetupusdjpyshort

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Również na:

Wyłączenie odpowiedzialności