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EURJPY approaching support, potential bounce!

Oleh Tickmill
Broker

ERUJPY is approaching our first support at 123.33 (50% Fibonacci retracement, 100% Fibonacci extension, horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 124.64 (horizontal swing high resistance, 38.2% Fibonacci retracement,61.8% Fibonacci extension).
Stochastic is also approaching support where we might see a corresponding bounce in price.
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Chart PatternsEUREURJPYforexsignalsHarmonic PatternsjpyTrend Analysis
Tickmill
Broker
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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