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EURJPY drop expected towards key level of support

Oleh Tickmill
Broker
We’re seeing major support at 131.73 (Multiple 100% Fibonacci extensions, 61,8% Fibonacci extension, horizontal swing low support) and a possible bounce could occur at this level. Our next major level of resistance is 132.73 (Fibonacci retracement, horizontal swing high resistance) and our next major level of support is at 131.16 (Major swing low support).

Stochastic (55,3,1) is seeing major support at 1.8%.

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Chart PatternsEUREURJPYeurjpybuyeurjpylongeurjpyshortForexforexsignalsforextradingHarmonic PatternsjpyTrend Analysis
Tickmill
Broker
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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