EUR/JPY approaching support, potential for bounce!

EUR/JPY approaching support, potential for bounce!

Trading Recommendation

Entry: 121.465

Reason for Entry: Horizontal pullback support, 23.6% Fibonacci retracement, previous breakout level

Take Profit : 122.031

Reason for Take Profit:

78.6% Fibonacci retracement, horizontal swing high resistance

Stop Loss: 121.115

Reason for Stop loss:

Horizontal swing low support, 38.2% fibonacci retracement

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