EURJPY approaching support, potential bounce!
EURJPY is approaching our first support at 128.30 (horizontal overlap support, 50%, 61.8% fibonacci retracement, 100% fibonacci extension) where a strong bounce might occur pushing price up to our major resistance at 131.61 (horizontal swing high resistance, 61.8% fibonacci extension, 78.6% fibonacci retracement).
Stochastic (89,5,3) is approaching support and a bounce off this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is approaching support and a bounce off this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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