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EURJPY Bounced Off Support, Potential For A Further Rise

Oleh ICmarkets
Broker
EURJPY bounced nicely off its support at 127.64 (61.8% Fibonacci extension, horizontal swing low support) where it could potentially rise to its resistance at 128.41 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is bounced off its support at 3.5% where a corresponding rise could occur.
Chart PatternsEUREURJPYeurjpylongeurjpyshortForexforexsignalforextradingHarmonic PatternsjpyTrend Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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