Euro / Japanese Yen
Long

EURJPY near key support, could possibly bounce

1203

EURJPY is approaching our first support at 122.52 (100% & 61.8% Fibonacci extension, horizontal swing low support ) where it could potentially bounce to its resistance 123.59 (38.2% & 23.6% Fibonacci retracement, horizontal swing high resistance,100% Fibonacci extension).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

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.