EURJPY approaching resistance, potential drop!
EURJPY is approaching our first resistance at 127.74 (horizontal overlap resistance, 23.6%, 38.2%, 50% Fibonacci retracement) where price might potentially drop to our first support at 126.34 (horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price should it react off this level.
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price should it react off this level.
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