EUR/JPY approaching support, potential bounce!

analytics5e4665210cb25.png

Trading Recommendation

Entry:118.744

Reason for Entry: 78.6% Fibonacci extension, horizontal swing low support

Take Profit : 119.62

Reason for Take Profit: Horizontal pullback resistance

Stop Loss:118.26

Reason for Stop loss: 127% Fibonacci extension

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