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.


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