Main Quotes Calendar Forum
flag

FX.co ★ USD/JPY Bounced Nicely Off Its Support, Prepare For A Further Rise

parent
Forex Analysis:::2018-04-12T02:23:40

USD/JPY Bounced Nicely Off Its Support, Prepare For A Further Rise

USD/JPY tested its support and bounced off it at 106.64 (61.8% Fibonacci extension, 50% Fibonacci retracement, 60% Fibonacci retracement, horizontal overlap support) where we expect it to rise to its resistance at 107.50 (61.8% Fibonacci extension, horizontal swing high resistance).

Stochastic (21, 5, 3) made a corresponding bounce off its support where we expect to see it rise.

Buy above 106.64. Stop loss at 106.13. Take profit at 107.50.

USD/JPY Bounced Nicely Off Its Support, Prepare For A Further Rise

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...