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EURJPY facing tremendous bearish pressure, keep your eye out on

Oleh Tickmill
Broker

EURJPY is facing tremendous bearish pressure below 135.95 (Fibonacci retracement, Fibonacci extension, bearish divergence) and a strong drop could occur at this level to push price down towards 134.55 support (Fibonacci retracement, horizontal pullback support).

Stochastic (34,5,3) is seeing really strong bearish divergence vs price and this could signal a major reversal.

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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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