EUR/JPY is approaching its support at 128.56 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 129.81 (50% Fibonacci retracement, horizontal overlap resistance).

Stochastic (55, 5, 3) is approaching its support at 1.7% where a corresponding bounce could occur. EUR/JPY is approaching its support where we expect to see a bounce.

Buy above 128.56. Stop loss at 127.86. Take profit at 129.81.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

#theforexarmy #forexsigns #forexsignals #forexfamily #forexgroup #forexhelp #forexcourse #forextrade #forexdaily #forexmoney #forexentourage #forextrading #forex #forexhelptrading #forexscalping #babypips #forexfactory #forexlife #forextrader #financialfreedom #daytrader #scalper #swingtrader #fx #currency

babypips currency daytrader financialfreedom forex forexcourse forexdaily forexentourage forexfactory forexfamily forexgroup forexhelp forexlife forexmoney forexscalping forexsignals forexsigns forextrade forextrader forextrading fx orexhelptrading scalper swingtrader theforexarmy
Jeff Wecker
Jeff Wecker

Jeff Wecker, the inventor of Forex Forager, is a former member of the Chicago Board of Trade. There, Jeff learned his craft in the 30-year bond pit, trading against the world's best, and now has survived and prospered in the industry for the past 25 years. He took the unique knowledge he gained at the CBOT and transitioned it to online trading, where he traded FX, commodities, stock indices, and bonds – all using his unique 5 pip/tick risk system. Visit us at Global Fx Trading Group