ICmarkets

EURJPY Approaching Support, Potential Bounce!

Long
FX:EURJPY   Euro / Japanese Yen
EURJPY is approaching its support at 125.58 (61.8% & 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 126.19 (Horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 3.9% where a corresponding bounce could occur.

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