EURJPY approaching support, potential bounce!

6 มี.ค. 2019

EURJPY is approaching our first support at 125.87 (horizontal overlap support, 100% Fibonacci extension, 50% Fibonacci retracement) where we might see a strong bounce above our support to our major resistance at 126.88 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.