EURJPY is approaching its resistance at 124.33 (61.8% , 61.8% & 38.2% , horizontal swing high resistance) where it could potentially drop to its support at 122.52 (100% *2, 61.8% , horizontal swing low support).
(55, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
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This analysis is provided as general market commentary and does not constitute investment advice.