USDJPY, H4 is seeing strong support above 109.30 where there is a 50% fibonacci retracement and a 61.8% Fibonacci extension. This also coincides well with the moving average support we're seeing.Price could potentially rise from here towards 1st resistance at the 110.20 area.Disclaimer: Thematerial provided is for information purposes only and should not be consideredas investment advice. The views, information, or opinions expressed in the textbelong solely to the author, and not to the author’s employer, organization,committee or other group or individual or company.High Risk Warning: CFDsare complex instruments and come with a high risk of losing money rapidly dueto leverage. 73% and 65% of retail investor accounts lose money when tradingCFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You shouldconsider whether you understand how CFDs work and whether you can afford totake the high risk of losing your money.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-h4-bouncing-above-key-support-potential-for-further-upside"
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