USDJPY approaching support, potential bounce!

USDJPY is approaching our first support at 112.83 (Horizontal overlap support, 23.6% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 112.48 (horizontal swing high resistance, 61.8% fibonacci extension, 78.6% fibonacci retracment).
RSI (55) is also seeing a bullish breakout and we might see a corresponding bounce in price should it bounce off this level.

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