FX.co - EUR/JPY approaching key support, potential to bounce!

2019-05-08T02:06:24

Relevance until2019-05-09

EURJPY is approaching its support where it could potentially bounce

Entry: 123.16

Why it's good :100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support

Stop Loss : 122.38

Why it's good : 61.8% fibonacci retracement, 100% Fibonacci extension

Take Profit : 124.61

Why it's good: 38.2% Fibonacci retracement, 61.8% Fibonacci retracement horizontal swing high resistance

EUR/JPY approaching key support, potential to bounce!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ EUR/JPY approaching key support, potential to bounce!