Euro / Japanese YenShort
EURJPY approaching resistance, potential drop!
EURJPY is approaching our first resistance at 128.51 (50% fibonacci retracement, 100% fiboancci retracement, horizontal overlap resistance) where a strong drop might occur below this level pushing price up to our major support at 127.64 (Horizontal overlap support, 61.8% fibonacci extension, 50% fibonacci retracement).
Stochastic (34,5,3) is approaching resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is approaching resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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.