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theforexarmy

EURJPY on major support, time to buy!

Long
Euro / Japanese Yen (FX:EURJPY)  
theforexarmy Updated   
FX:EURJPY   Euro / Japanese Yen
EURJPY eurjpylong
0
0
eurjpy eurjpylong
Price dropped perfectly as expected and reached our profit target. We turn bullish above 114.11 major support (Fibonacci retracement, Fibonacci projection, horizontal support) for a push up to 116.19.
RSI (34) is on support
Stochastics (21,5,3) is also on support signalling a bounce is impending.
Comment:
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AUDJPY on major support, time to buy!
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