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. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.