USDJPY approaching support, potential bounce!

Price is approaching our first support at 111.40 (horizontal overlap support, 50% Fibonacci retracement ) where a strong bounce might occur above this level, pushing price up to our major resistance at 112.20 (horizontal pullback resistance, 61.8% Fibonacci retracement ).
RSI (89) is also seeing a bullish exit and approaching support where we might see a corresponding rise in price.
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Chart PatternsForexforexsignalsforextradingHarmonic PatternsjpyTrend AnalysisUSDUSDJPYusdjpylongusdjpyshort

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