EURJPY approaching resistance, potential drop!

11 июл. 2018 г.

EURJPY is approaching our first resistance at 131.36 (horizontal swing high resistance, 50%, 76.4% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 127.59 (horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our resistance and a reaction below this level might see a corresponding drop in price.
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