EUR/JPY approaching support, buy now

Price is approaching major support at 114.00 (Horizontal overlap support, Fibonacci retracement) where we expect a bounce from to at least 115.15.

Stochastics (34,5,3) is right on major support at 12% too where we expect a similar bounce from.

Buy above 114.00. Stop loss at 112.85. Take profit at 115.15.

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

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