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USDJPY dropped perfectly as forecasted, prepare for a bounce

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FX:USDJPY   USA-dollar/Japansk yen
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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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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