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MEX_Exchange

EURJPY bouncing up nicely from our buying area, remain bullish

Long
Euro / Yen giapponese (FX:EURJPY)  
MEX_Exchange  
FX:EURJPY   Euro / Yen giapponese
Trend Analysis Harmonic Patterns Chart Patterns EURJPY EUR jpy eurjpyshort eurjpylong eurjpysignal eurjpytrade Forex forexsignals
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trendanalysis harmonicpatterns chartpattern eurjpy eur jpy eurjpyshort eurjpylong eurjpysignal eurjpytrade forex forexsignals
Buy above 132.01. Stop loss at 130.45. Take profit at 134.15.
Reason for the trading strategy (technically):
Price is starting to bounce nicely from our buying area. We remain bullish looking to buy above major support at 132.01 (Fibonacci retracement, horizontal overlap support, Fibonacci extension, bullish divergence) for a push up to 134.15 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (55,3,1) is seeing strong support above 2.5% and we’re starting to see a bounce from this level.
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