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EURJPY approaching major support, potential bounce!

Long
Euro / Japanese Yen (FX:EURJPY)  
easyMarkets Broker  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns EURJPY EUR jpy eurjpylong eurjpyshort
39
0
trendanalysis harmonicpatterns chartpattern eurjpy eur jpy eurjpylong eurjpyshort
Price is approaching our first support at 124.88 (horizontal overlap support, 61.8% Fibonacci retracement, descending channel’s support, 61.8% Fibonacci extension) where we might be seeing a strong bounce to our major resistance level at 125.58 (horizontal overlap resistance, 38.2% Fibonacci retracement). Stochastic is approaching support where we might be seeing a bounce above this level.

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