USDJPY near support, could possibly bounce
USDJPY is approaching our first support at 107.73 (161.8% Fibonacci extension, horizontal swing low resistance, 61.8% Fibonacci retracement )where a strong bounce might occur pushing the price up to our major resistance at 109.19(horizontal swing high resistance, ,100%Fibonacci extension, 50% Fibonacci retracement). Stochastic is also approaching support. Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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