EURJPY is approaching our first support at 121.91 (61.8% Fibonacci extension*2, horizontal swing low resistance)where a strong bounce might occur pushing the price up to our major resistance at 122.79(horizontal swing high resistance, ,23.6%Fibonacci retracement). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.