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Euro / Japanese Yen
Long

EURJPY near support, could possibly bounce

By Tickmill
Broker

USDJPY is approaching our first support at 121.32 (61.8% Fibonacci extension, horizontal swing low resistance, 61.8% Fibonacci retracement )where a strong bounce might occur pushing the price up to our major resistance at 122.24(horizontal overlap resistance, ,100%Fibonacci extension, 50% Fibonacci retracement). Stochastic is also approaching support. Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Chart PatternsEUREURJPYforexsignalsHarmonic PatternsjpyTrend Analysis
Tickmill
Broker
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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