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EURJPY Approaching Support, Prepare For A Bounce
EURJPY is approaching its support at 122.52 (100% Fibonacci extension*2, 61.8% Fibonacci retracement) where it could potentially bounce to its resistance at 124.33(61.8%& 38.2% Fibonacci retracement, 61.8% Fibonacci retracement horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
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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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