USD/JPY Approaching Support, Prepare For Bounce
The USD/JPY pair is approaching its support at 109.16 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 109.66 (61.8% Fibonacci retracement).
Stochastic (55, 5, 3) is nearing its support at 7.6% where a corresponding bounce could occur. USD/JPY is approaching its support where we expect to see a bounce.
Buy above 109... Read More...
Jeff Wecker
