USD/JPY on major support, prepare for a bounce
The price has dropped strongly and is now testing major support at 111.37 (Fibonacci extension, horizontal swing low support, bullish bat harmonic formation) and we expect to see a strong bounce above this level to push the price up to at least 112.13 resistance (Fibonacci retracement, horizontal pullback resistance, Fibonacci extension). Stochastic (55,5,3) is seeing […]