EURJPY Approaching Support, Watch For Potential Bounce!

EURJPY is approaching our first support at 128.35 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension) and as strong bounce might occur above this level pushing price up to our major resistance at 130.14 (horizontal swing high resistance, 50%, 76.4% Fibonacci retracement, 100% Fibonacci extension).

Stochastic (34,5,3) is also approaching support where a bounce off this level might see a corresponding rise in price.