EUR/JPY is bouncing up nicely, remain bullish for a further rise
March 27, 2017 9:56 am
The price has bounced up towards our profit target previously. Now we remain bullish above 119.45 support (Fibonacci retracement, horizontal pullback support, and recent swing low support) for a push up to 120.72 resistance (Fibonacci retracement, pullback resistance).
Stochastic (55,5,3) is seeing strong support above 4% and has also made a bullish exit signaling that we will see further bullish momentum.
Buy above 119.45. Stop loss is at 118.62. Take profit is at 120.72.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
The price has bounced up towards our profit target previously. Now we remain bullish above 119.45 support (Fibonacci retracement, horizontal pullback support, and recent swing low support) for a push up to 120.72 resistance (Fibonacci retracement, pullback resistance).
Stochastic (55,5,3) is seeing strong support above 4% and has also made a bullish exit signaling that we will see further bullish momentum.
Buy above 119.45. Stop loss is at 118.62. Take profit is at 120.72.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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