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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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EUR/JPY near key support, a bounce is possible!

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EURJPY near key support, a bounce to 1st resistance is possible

Entry:122.52

Why it's good :61.8% Fibonacci extension, 100% Fibonacci extension, horizontal swing low support

Stop Loss : 121.78

Why it's good :100% Fibonacci extension

Take Profit : 123.59

Why it's good: 38.2% & 23.6% Fibonacci retracement, horizontal swing high resistance,100% Fibonacci extension

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