USDJPY approaching support, potential bounce!

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Dólar Americano/Iene Japonês (FX:USDJPY)

FX:USDJPY Dólar Americano/Iene Japonês

trendanalysis harmonicpatterns chartpattern usdjpy usd jpy usdjpylong usdjpyshort forex forextrading forexsignals

USDJPY is approaching our first support at 112.08 (100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 112.76 (38.2% Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,53) is also approaching support where we might see a bounce this level.
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