Klimex

USDJPY Testing Support, Potential Bounce

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY is testing its support at 113.16 (50% Fibonacci retracement , horizontal overlap support) where it could potentially bounce to its resistance at 113.55 (61.8% Fibonacci extension , 61.8% Fibonacci retracement ).
Stochastic (34, 5, 3) is approaching its support at 4.8% where a corresponding bounce could occur.
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