EURJPY approaching resistance, watch for potential drop!
EURJPY is approaching our first support at 130.26 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement, short term descending resistance line) and a strong drop might occur below this level, pushing price down to our major support at 126.69 (horizontal swing low support, 100% Fibonacci extension, 61.8% fiboancci retracement).
Stochastic (89,5,3) is also 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 (89,5,3) is also 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.
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