Euro / Japanese Yen
Long

EURJPY bounced off support, potential of a further rise!

1368
EURJPY has bounced off our first support at 127.45 (horizontal swing low support, 61.8% & 100% Fibonacci extension) where a further rise might occur above this level pushing price up to our major resistance at 128.52 (61.8% Fibonacci extension, 38.2% & 61.8% Fibonacci retracement, horizontal swing high resistance).

Stochastic (55,5,3) has bounced off its support and we might see a further rise in price.

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.