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EURJPY approaching major support, watch for a potential bounce!

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Euro / Yen Jepang (FX:EURJPY)  
Tickmill Broker  
FX:EURJPY   Euro / Yen Jepang
Trend Analysis Harmonic Patterns Chart Patterns EURJPY EUR jpy eurjpyshort eurjpylong eurjpysignal eurjpytrade eurjpyforecast eurjpyprediction
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trendanalysis harmonicpatterns chartpattern eurjpy eur jpy eurjpyshort eurjpylong eurjpysignal eurjpytrade eurjpyforecast eurjpyprediction
EURJPY is reacting off major resistance at 137.42 and a drop could occur all the way down to 136.21 which is our first major support level (Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support). A bounce could occur at this level to drive price up to at least 137.42 resistance (Fibonacci extension, horizontal swing high resistance) once again.

RSI (34) is making a pullback to our descending support line.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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