EUR/JPY profit target reached perfectly, prepare to buy

Price has dropped perfectly from our selling area and has reached our profit target. We prepare to buy above 124.12 major support (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 125.70 resistance (Fibonacci extension, horizontal resitance). Stochastic (34,5,3) is seeing major support above 3.2% where we expect a bounce from. Correlation […]