USDJPY right on major support in an ascending channel!

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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.

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