EURJPY is testing major support at 127.89 ( Fibonacci retracement , Fibonacci extension , breakout level) and a strong bounce could occur at this level to push prices all the way up to major resistance at 129.41 ( Fibonacci extension , Fibonacci retracement , horizontal swing high resistance). \u2028\u2028Stochastic (55,5,3) is seeing major support above 5.7% where a corresponding bounce could occur. \u2028\u2028Trading CFDs on margin carries high risk. \u2028Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results