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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 to test support, a bounce is possible!

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EURJPY to test key support, a bounce to 1st resistance is possible

Entry: 122.075

Why it's good : 100% Fibonacci extension, 50% Fibonacci retracement

Stop Loss : 121.247

Why it's good :76.4% Fibonacci retracement,horizontal swing low support

Take Profit : 123.093

Why it's good: 38.2% & 76.4% Fibonacci retracement,horizontal swing high resistance

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The material has been provided by InstaForex Company - www.instaforex.com