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ICmarkets
Apr 22, 2019 2:04 AM

EURJPY Approaching Support, Potential Bounce! Long

Euro Fx/Japanese YenFXCM

Description

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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