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USDJPY dropped perfectly as forecasted, prepare for a bounce

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Dólar Americano/Iene Japonês (FX:USDJPY)  
Tickmill Corretora  
FX:USDJPY   Dólar Americano/Iene Japonês
Trend Analysis Harmonic Patterns Chart Patterns USDJPY USD jpy usdjpylong usdjpyshort usdjpyanalysis usdjpydaily usdjpybuy usdjpylongsetup
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trendanalysis harmonicpatterns chartpattern usdjpy usd jpy usdjpylong usdjpyshort usdjpyanalysis usdjpydaily usdjpybuy usdjpylongsetup
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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