EURJPY Approaching Support, Watch For Potential Bounce!
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.
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.