EURJPY Testing Support, Potential Bounce!

EURJPY is testing major support at 127.89 ( Fibonacci retracement , Fibonacci extension , breakout level) and a strong bounce could occur at this level to push prices all the way up to major resistance at 129.41 ( Fibonacci extension , Fibonacci retracement , horizontal swing high resistance). \u2028\u2028Stochastic (55,5,3) is seeing major support above 5.7% where a corresponding bounce could occur. \u2028\u2028Trading CFDs on margin carries high risk. \u2028Losses can exceed the initial investment so please ensure you fully understand the risks.