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EURJPY approaching support, potential bounce!

Oleh Tickmill
Broker
EURJPY is approaching our first support at 125.93 (horizontal overlap support, 100% Fibonacci extension, 50% Fibonacci retracement) where we might see a strong bounce above our support to our major resistance at 126.90 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
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Chart PatternsEUREURJPYeurjpylongeurjpyshortForexforexsignalsforextraidngHarmonic 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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