USD/JPY – Bounced from Support as Predicted
USD/JPY – Bounced from Support as Predicted
The USD/JPY pair bounced from its support zone on a 30 minute time frame. This support zone was given in our analysis yesterday and we predicted that the price could move from this level based on our technical analysis. The pair bounced back up from its minor support zone and reached its 61.8% Fibonacci level and then retraced back down from that level. However, the strength of the minor support zone pushed the price back up once again.
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