USDJPY dropped perfectly as forecasted, prepare for a bounce

٢٢ يناير ٢٠١٨

USDJPY dropped perfectly as forecasted and is seeing major support above 110.50 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a strong bounce could occur at this level to push price up to at last 111.41 resistance (38.2% Fibonacci retracement, horizontal swing high resistance, Fibonacci extension).

Stochastic (55,5,3) is seeing major support above 2.5% where we expect further bullishness.

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