FX.co ★ EUR/JPY Approaching Support, Prepare For A Bounce!

EUR/JPY is approaching its support at 128.56 (100%, 100% Fibonacci extension, 50% & 61.8% Fibonacci retracement, horizontal overlap support) where it is expected to bounce up to its resistance at 130.20 (50% & 61.8% Fibonacci retracement, horizontal overlap resistance).

Stochastic (89, 5, 3) is approaching its support at 1.9% where a corresponding bounce is expected.

EUR/JPY is approaching its support where we expect to see a bounce.

Buy above 128.56. Stop loss 127.77. Take profit at 130.20.

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