EURJPY testing major support, potential for a bounce!
EURJPY is testing major support at 127.89 (Fibonacci retracement, Fibonacci extension, breakout level) and a strong bounce could occur at this level to push prices all the way up to major resistance at 129.41 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance).
Stochastic (55,5,3) is seeing major support above 5.7% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is seeing major support above 5.7% where a corresponding bounce could occur.
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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