EURJPY testing major resistance, potential reversal!
EURJPY is testing major resistance at 135.95 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong drop could occur from this level to push price down towards 134.55 support (Fibonacci retracement, horizontal pullback support).
Stochastic (55,5,3) is seeing major resistance at 98% and has some good downside potential to go for our bearish move.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is seeing major resistance at 98% and has some good downside potential to go for our bearish move.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results