EUR/JPY on strong support, time to play a corrective bounce
The price is testing strong support at 131.43 (Horizontal swing low support, bullish price action) and we expect to see a corrective bounce pushing price up to at least 132.20 resistance (Fibonacci retracement). Stochastic (34,5,3) is seeing strong support above 6.6% where we expect a corresponding bounce from. Buy above 131.43. Stop loss is at […]