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Euro / Japanese Yen
Short

EURJPY Approaching Resistance, Potential For A Reversal

By ICmarkets
Broker
EURJPY is approaching its resistance at 129.67 (61.8% & 100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it could reverse down to its support at 129.04 (50% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
Chart PatternsEUREURJPYeurjpyshortForexforexsignalsHarmonic PatternsjpyTrend 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.
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