Technical Analysis : EURJPY shorts 162.705 into lows at 163.537
Resistance
163.209
163.180
Fib .50 level
162.946
Support
162.705
162.688
Profit Target
163.537
EURJPY experienced a strong rejection from the Fibonacci level of 162.946 and then broke below the previous day's low of 162.688. An entry has been initiated with the expectation that the price will continue to move towards the profit target of 163.537.
163.209
163.180
Fib .50 level
162.946
Support
162.705
162.688
Profit Target
163.537
EURJPY experienced a strong rejection from the Fibonacci level of 162.946 and then broke below the previous day's low of 162.688. An entry has been initiated with the expectation that the price will continue to move towards the profit target of 163.537.
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