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Euro / Japanese Yen
Short

EURJPY continues to test major resistance, lining up a potential

By Tickmill
Broker

EURJPY continues to test 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. We are also seeing a pullback to our 77% resistance level.

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Chart PatternsEUREURJPYeurjpyforecasteurjpylongeurjpypredictioneurjpyshorteurjpysignaleurjpytradeHarmonic 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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