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Euro / Japanese Yen
Short

EURJPY Reversed Off Its Resistance, Potential Drop!

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EURJPY reversed off its resistance at 126.71 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it is could drop further to its support at 125.59 (61.8% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) reversed off its resistance at 96% where a corresponding drop could occur.
ICmarkets
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IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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Chart PatternsHarmonic PatternsTrend Analysis

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Chart PatternsHarmonic PatternsTrend Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.