empty
 
 
22.12.2017 04:56 AM
EUR/JPY seeing nicely support, prepare to buy

The price is starting to bounce nicely off 133.83 support (Fibonacci retracement, horizontal overlap support, bullish price action) and we expect to see a strong bounce above this level to push the price up to at least 123.81 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (21,3,1) is seeing strong support above 6.1% where a corresponding bounce is expected.

Buy above 133.83. Stop loss is at 133.39. Take profit is at 134.81.

This image is no longer relevant

Dean Leo,
Analytical expert of InstaForex
© 2007-2025
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback