easyMarkets
Long

EURJPY bounced off support, potential of a further rise!

FX:EURJPY   Euro / Japanese Yen
EURJPY has bounced off our first support at 127.45 (horizontal swing low support, 61.8% & 100% Fibonacci extension ) where a further rise might occur above this level pushing price up to our major resistance at 128.52 (61.8% Fibonacci extension , 38.2% & 61.8% Fibonacci retracement , horizontal swing high resistance).

Stochastic (55,5,3) has bounced off its support and we might see a further rise in price.
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