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AUD/JPY Testing Support, Prepare For Bounce

AUD/JPY is approaching its support at 79.18 (61.8% Fibonacci extension x2, 61.8% Fibonacci retracement, horizontal overlap support) where the price is expected to bounce up to its resistance at 80.68 (61.8% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 3.7% where a corresponding bounce is expected. AUD/JPY is testing its support where we expect to see a bounce. Buy above...
by Jeff Wecker
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EUR/JPY Testing Support, Prepare For A Bounce

EUR/JPY is approaching its support at 127.94 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support) where the price is expected to bounce up to its resistance at 129.69 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 2% where a corresponding bounce is expected. EUR/JPY is testing its support where we expect to see a bounce. Buy above...
by Jeff Wecker
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NZD/USD Testing Resistance, Prepare For Reversal

NZD/USD is testing its resistance at 0.6620 (38.2% & 23.6% Fibonacci retracement, overlap resistance) where a reversal to its support at 0.6561 (61.8% Fibonacci retracement, horizontal pullback support) is expected. Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding drop is expected. NZD/USD is testing its resistance where we expect to see a reversal. Sell below...
by Jeff Wecker
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CAD/JPY Testing Support, Prepare For Bounce

CAD/JPY is approaching its support at 84.34 (61.8% Fibonacci extension, 50%, 76.4% Fibonacci retracement, horizontal overlap support) where the price is expected to bounce up to its resistance at 85.34 (50% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is testing its support at 3.6% where a corresponding bounce is expected. CAD/JPY is testing its support where we expect to see a bounce. Buy above...
by Jeff Wecker
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EUR/JPY Approaching Resistance, Prepare For A Reversal

EURJPY is approaching its resistance at 129.67 (61.8% & 100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 129.04 (50% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected. EUR/JPY is approaching its resistance where we expect to see a reversal.
by Jeff Wecker