USDJPY Approaching Support, Prepare For A Bounce

USDJPY is approaching its support at 110.53(horizontal swing low support, 100% & 168% Fibonacci extension) where it could potentially bounce to its resistance at 110.84 (23.6% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance).

Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur.

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