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EURJPY approaching support, potential bounce!
EURJPY is approaching its support at 129.66 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where a bounce is expected, causing price to rise to its resistance at 131.95 (horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 4.7% where a corresponding bounce could occur.
Stochastic (55, 5, 3) is approaching its support at 4.7% where a corresponding bounce could occur.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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