EURJPY bouncing off major support, watch for potential rally!
EURJPY is seeing major support above 127.15 (Fibonacci extension, major 38.2% Fibonacci retracement, bullish divergence) and a strong bounce could occur from this level to push prices up to major resistance at 129.18 (Fibonacci retracement, horizontal pullback resistance, Fibonacci extension).
Stochastic (55,5,3) is seeing major support above 4% where a corresponding bounce could occur. We’re also seeing bullish divergence vs price signalling that a bounce could be impending.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is seeing major support above 4% where a corresponding bounce could occur. We’re also seeing bullish divergence vs price signalling that a bounce could be impending.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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