EURJPY facing tremendous bearish pressure, keep your eye out on

FX:EURJPY   歐元 / 日圓

EURJPY is facing tremendous bearish pressure below 135.95 ( Fibonacci retracement , Fibonacci extension , bearish divergence) and a strong drop could occur at this level to push price down towards 134.55 support ( Fibonacci retracement , horizontal pullback support).

Stochastic (34,5,3) is seeing really strong bearish divergence vs price and this could signal a major reversal.

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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This analysis is provided as general market commentary and does not constitute investment advice.
It broke yesterday at 8:00 in the morning European Time and been bearish since. Broke trendline, tested it and threw itself down. Great interpretation of signals. Thank you for sharing.
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