ICmarkets

EURJPY Bounced Off Support, Potential For Further Rise!

Long
OANDA:EURJPY   Euro / Japanese Yen
EURJPY bounced nicely off its support at 126.86 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where price could rise to its resistance at 128.48 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) bounced off its support at 2.8% where a corresponding rise could occur.

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