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. 
Chart PatternsEUREURJPYeurjpylongForexforexsignalsHarmonic PatternsjpyTrend Analysis

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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