EURJPY approaching resistance, potential drop!
EURJPY is approaching our first resistance at 128.58 (61.8% fibonacci extension, 61.8% fibonacci retracement, horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 127.58 (61.8% fibonacci extension, 61.8% fibonacci retracement, horizontal swing high resistance).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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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