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FXTM_ForexTime

EURJPY Approaching Support, Watch For Potential Bounce!

Long
Euro / Japanese Yen (FX:EURJPY)  
FXTM_ForexTime  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns EURJPY EUR jpy eurjpylong eurjpyshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern eurjpy eur jpy eurjpylong eurjpyshort forex forextrading forexsignals
EURJPY is approaching our first support at 128.35 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension) and as strong bounce might occur above this level pushing price up to our major resistance at 130.14 (horizontal swing high resistance, 50%, 76.4% Fibonacci retracement, 100% Fibonacci extension).

Stochastic (34,5,3) is also approaching support where a bounce off this level might see a corresponding rise in price.
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