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Euro / Japanese Yen
Short

EURJPY Reversed Off Resistance, Potential For Further Drop

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EURJPY reversed off its resistance at 130.00 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 127.88 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) reversed off its resistance at 99% 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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audCADChart PatternschfEUREURJPYGBPjpyNZDTrend AnalysisWave Analysis

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audCADChart PatternschfEUREURJPYGBPjpyNZDTrend AnalysisWave 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.