EURJPY bouncing off major support!

We’re seeing price bounce off an area of really nice support at 133.90 onwards (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support, bullish price action) and a strong bounce could occur at this level to push price up towards 134.74 resistance (Fibonacci extension, horizontal swing high resistance). Our next major level of support is at 133.39 (Fibonacci retracement, horizontal swing high support).

Stochastic (21,5,3) is seeing major support above 3.8% where a corresponding bounce could occur.

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