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

EUR/JPY is approaching its support at 128.56 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 129.81 (50% Fibonacci retracement, horizontal overlap resistance).

Stochastic (55, 5, 3) is approaching its support at 1.7% where a corresponding bounce could occur.

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

Buy above 128.56. Stop loss at 127.86. Take profit at 129.81.