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28.09.2017 04:06 AM
EUR/JPY testing major support, remain bullish

The price is starting to bounce 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 (55,3,1) is seeing strong support above 2.5% and we're starting to see a bounce from this level.

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

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