Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

EUR/JPY Approaching Support, Prepare For Bounce

September 3, 2018 Analytics

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EUR/JPY is approaching its support at 128.56 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 129.81 (50% Fibonacci retracement, horizontal overlap resistance).

Stochastic (55, 5, 3) is approaching its support at 1.7% where a corresponding bounce could occur.

EUR/JPY is approaching its support where we expect to see a bounce.

Buy above 128.56. Stop loss at 127.86. Take profit at 129.81.

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The material has been provided by InstaForex Company – www.instaforex.com

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