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Euro / Japanese Yen
Long

EURJPY approaching support, potential bounce!

421

ERUJPY is approaching our first support at 123.33 (50% Fibonacci retracement, 100% Fibonacci extension, horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 124.64 (horizontal swing high resistance, 38.2% Fibonacci retracement,61.8% Fibonacci extension).
Stochastic is also approaching support where we might see a corresponding bounce in price.
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Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Also on:
Chart PatternsEUREURJPYforexsignalsHarmonic PatternsjpyTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.