FX.co - EUR/JPY bounced off key support, further rise possible!

2019-05-10T01:54:58

Relevance until2019-05-11

EURJPY bounced off its support where it could rise further

Entry:122.52

Why it's good :100% Fibonacci extension*2, 61.8% Fibonacci retracement

Stop Loss : 120.84

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

Take Profit : 124.332

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

EUR/JPY bounced off key support, further rise possible!

*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 bounced off key support, further rise possible!