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Euro / Japanese Yen
Long

EURJPY near key resistance, could possibly drop

By Tickmill
Broker

Price is approaching its 1st resistance (61.8% Fibonacci extension, horizontal swing high resistance, 38.2% & 76.4% Fibonacci retracement) where it is expected to reverse down to its support (horizontal swing low support,61.8% Fibonacci retracement,23.6% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected
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Chart PatternsEUREURJPYforexsignalsHarmonic PatternsjpyTrend Analysis
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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