logo

FX.co ★ EUR/JPY testing major support, remain bullish

EUR/JPY testing major support, remain bullish

The price continues to bounce up nicely from our buying area. We remain bullish looking to buy above major support at 132.01 (Fibonacci retracement, horizontal overlap support, Fibonacci extension, bullish divergence) for a push up to 134.15 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (34,3,1) is seeing strong support above 2.5% where we expect a bounce from.

Buy above 132.01. Stop loss is at 130.45. Take profit is at 134.15.

EUR/JPY testing major support, remain bullish

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account