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Euro / Japanese Yen
Short

EURJPY Approaching Resistance, Prepare For A Drop

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EURJPY is approaching its resistance at 124.33 (61.8% Fibonacci extension, 61.8% & 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 122.52 (100% Fibonacci extension *2, 61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
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Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Also on:
Chart PatternsEUREURJPYforexsignalsHarmonic PatternsjpyTrend Analysis

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.
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
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.