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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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EUR/JPY seeing nicely support, prepare to buy

The price is starting to bounce nicely off 133.83 support (Fibonacci retracement, horizontal overlap support, bullish price action) and we expect to see a strong bounce above this level to push the price up to at least 123.81 resistance (Fibonacci extension, horizontal swing high resistance).

Stochastic (21,3,1) is seeing strong support above 6.1% where a corresponding bounce is expected.

Buy above 133.83. Stop loss is at 133.39. Take profit is at 134.81.

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