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Euro / Japanese Yen
Short

EURJPY Approaching Resistance, Prepare For A Drop

By Tickmill
Broker

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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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
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