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Euro / Japanese Yen
Long

EURJPY Bounced Off Support, Potential Rise!

By ICmarkets
Broker
EURJPY bounced nicely off its support at 123.78 (76.4% Fibonacci retracement, horizontal swing low support, channel support) where it could potentially bounce to its resistance at 124.35 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is bounced off its support at 2.7% where a corresponding rise could occur.
Chart PatternsEUREURJPYeurjpylongHarmonic PatternsjpyTrend Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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