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EURJPY testing major resistance, possible upcoming reversal!

Oleh Tickmill
Broker
EURJPY is now testing major resistance at 135.16 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to drive price down towards 134.34 support (Fibonacci retracement, horizontal overlap support).

Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding reaction could occur.

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Chart PatternsEUREURJPYeurjpyforecasteurjpylongeurjpypredictioneurjpyshorteurjpysignaleurjpytradeHarmonic 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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