EUR/JPY on major support, time to play a corrective bounce
The price has dropped strongly from last week and is now testing major support at 131.77 (Fibonacci extension, horizontal swing low support) and we expect to see a strong corrective bounce above this level to push the price up to at least 132.46 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (55,3,1) is seeing strong support […]