USDJPY is approaching our first support at 111.22 (horizontal pullback support, 61.8%, 100% Fibonacci extension, 50%, 61.8% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 111.57 (38.2% Fibonacci retracement). Stochastic (89,5,3) 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.