EURJPY approaching support, potential bounce!

30 ביולי 2018

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.
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