EURJPY approaching support, potential bounce!

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EURJPY is approaching our first support at 132.12 (horizontal swing low support, 23.6% Fibonacci retracement) which coincides with our short term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 133.09 (horizontal swing high resistance, 50% Fibonacci retracement).

Stochastic (34,5,3) is also approaching our major support and a bounce off this level might be a good precursor for a potential rise in price.

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거래청산: 타겟 닿음
Wohooooo perfect rally up to our profit target!
Chart PatternsEUREURJPYeurjpylongeurjpyshortForexforexsignalsforextradingHarmonic PatternsjpyTrend Analysis

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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