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Euro / Japanese Yen
Long

EURJPY testing support, could possibly bounce

By Tickmill
Broker

EURJPY is approaching our first support at 120.89 (61.8% &100%Fibonacci extension, horizontal swing low resistance)where a strong bounce might occur pushing the price up to our major resistance at 121.58 (horizontal swing high resistance, ,23.6%Fibonacci retracement). Stochastic is also approaching support. Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Chart PatternsEUREURJPYforexsignalsHarmonic PatternsjpyTrend Analysis
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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