USDJPY right on major support in an ascending channel!

2018년 5월 23일

USDJPY is in a strong ascending channel and is now testing strong 1st support at 110.51 (Fibonacci retracement, Fibonacci extension, horizontal pullback support) and a strong bounce could occur at this level to push prices up towards major resistance at 111.40 (Fibonacci extension, horizontal swing high resistance).,
Stochastic (34,5,3) is seeing major support above 7.1% where a corresponding bounce could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.