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EURJPY approaching resistance, potential reversal!

Oleh ICmarkets
Broker

EURJPY is approaching its resistance at 129.05 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where price could potentially react off, causing it to fall to its support at 125.16 (horizontal swing low support).
Stochastic (34, 5, 3) is approaching its resistance at 95% where a corresponding reaction could occur.
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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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