EURJPY is testing our first resistance at 122.80 (61.8% Fibonacci extension,23.6% Fibonacci retracement, horizontal pullback resistance) where it could potentially drop to its support at 122.12 (horizontal swing low support, 100% Fibonacci extension).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results