EURJPY Approaching Support, Potential Bounce

FX:EURJPY   Euro / Japanese Yen
EURJPY is approaching its support at 127.47 (61.8% Fibonacci extension , 76.4% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 129.05 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance).

Stochastic (55, 5, 3) is approaching its support at 3.7% and there is bullish divergence with price where a corresponding bounce could occur.


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