easyMarkets
Long

EURJPY approaching support, potential bounce!

FX:EURJPY   Euro / Japanese Yen
EURJPY is approaching our first support at 124.45 (horizontal swing low support, 76.4% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong bounce might occur above this level to our major resistance at 124.98 (horizontal pullback resistance, 50% Fibonacci retracement ).
Stochastic (89,5,3) is also approaching support where we might see a corresponding rise in price.
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