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Euro / Japanese Yen
Long

EURJPY testing support, could possibly bounce

1055

EURJPY is approaching our first support at 121.52 (61.8% Fibonacci extension*2, horizontal swing low resistance)where a strong bounce might occur pushing the price up to our major resistance at 122.78(horizontal swing high resistance, ,38.2%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.
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Also on:
Chart PatternsEUREURJPYforexsignalsHarmonic PatternsjpyTrend Analysis

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.
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
Also on:

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.