EURJPY Bounced Off Support, Prepare For A Further Rise

EURJPY bounced nicely off its support at 127.49 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 129.80 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is bounced off its support at 3.7% where a corresponding rise could occur.