EURJPY is approaching resistance, potential drop!
EURJPY is approaching our first resistance at 133.04 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 130.02 (horizontal swing low support, 76.4% Fibonacci retracement). A breakout below our intermediate support level at 131.78 (horizontal overlap support, 61.8% Fibonacci extension) might provide the bearish acceleration to our major support level.
Stochastic (89,5,3) is also approaching our major resistance and is seeing a short squeeze. A reaction off this level and breakout below our short term ascending support line might be a good precursor for a potential 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 (89,5,3) is also approaching our major resistance and is seeing a short squeeze. A reaction off this level and breakout below our short term ascending support line might be a good precursor for a potential drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。