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EURJPY Testing Resistance, Potential Reversal!

Oleh ICmarkets
Broker
EURJPY is testing its resistance at 131.74 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap resistance) where it could react off, causing price to fall to its support at 130.00 (23.6% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is testing its resistance at 96% where a corresponding drop could occur.
Chart PatternsEUREURJPYeurjpyshortForexforexsignalsHarmonic PatternsjpyTrend Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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