EURJPY Testing Support, Potential Bounce!

EURJPY Testing Support, Potential Bounce!

EURJPY is testing major support at 127.89 ( Fibonacci retracement , Fibonacci extension , breakout level) and a strong bounce could occur at this level to push prices all the way up to major resistance at 129.41 ( Fibonacci extension , Fibonacci retracement , horizontal swing high resistance).

Stochastic (55,5,3) is seeing major support above 5.7% where a corresponding bounce could occur.

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