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USDJPY approaching support, potential bounce!

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FX:USDJPY   Доллар США / Японская иена
USDJPY is approaching our first support at 113.85 (horizontal overlap support, 23.6%, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 114.21 (horizontal pullback resistance, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias.
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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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