EURJPY is approaching our first support at 128.37 (Horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 130.14 (horizontal swing high resistance, 50%, 76.4% Fibonacci retracement, 100% Fibonacci extension). Stochastic (34,5,3) is also approaching support where a bounce off this level might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.