EURJPY approaching support, watch for potential bounce!

10 ก.ย. 2018

EURJPY is approaching our first support at 127.942(horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 129.69 (horizontal swing high resistance, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support and a bounce off this level might see a corresponding rise in price.
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