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EURJPY Bounced Off Support, Potential For Further Rise

Long
Euro / Japanese Yen (FX:EURJPY)  
ICmarkets Broker  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns Harmonic Patterns EURJPY EUR jpy CAD aud NZD chf GBP USD
36
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trendanalysis chartpattern harmonicpatterns eurjpy eur jpy cad aud nzd chf gbp usd
EURJPY bounced off its support at 127.47 (76.4% Fibonacci retracement, horizontal swing low support) where it could potentially rise further to its resistance at 129.95 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) bounced off its support at 3.7% where a corresponding rise could occur.

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