EURJPY reversed off horizontal swing high resistance
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EURJPY reversed off our first resistance at 125.61(61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap resistance) where a strong drop to our major support at 123.65(horizontal swing low support, 61.8% &100% Fibonacci extension ).
Stochastic is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURJPY reversed off our first resistance at 125.61(61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap resistance) where a strong drop to our major support at 123.65(horizontal swing low support, 61.8% &100% Fibonacci extension ).
Stochastic is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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