EURJPY bounced off support, potential of a further rise!

EURJPY has bounced off our first support at 127.45 (horizontal swing low support, 61.8% & 100% Fibonacci extension) where a further rise might occur above this level pushing price up to our major resistance at 128.52 (61.8% Fibonacci extension, 38.2% & 61.8% Fibonacci retracement, horizontal swing high resistance).

Stochastic (55,5,3) has bounced off its support and we might see a further rise in price.