EURJPY is approaching its resistance at 131.45 (100% Fibonacci extension, 76.4% Fibonacci retracement, 50% Fibonacci retracement, horizontal overlap resistance) where a reversal could occur, causing price to fall to its support at 129.35 (61.8% Fibonacci extension, horizontal pullback support).
Stochastic (89, 5, 3) is approaching its resistance at 98%. We have also identified a bearish divergence with price which contributes to our bearish bias.
Stochastic (89, 5, 3) is approaching its resistance at 98%. We have also identified a bearish divergence with price which contributes to our bearish bias.
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