EURJPY is approaching our first support at 127.5 (61.8% fibonacci extension, 76.4% fibonacci retracement, horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 128.0 (61.8% Fibonacci extension, 50% fibonacci retracement).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
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