Euro / Japanese YenShort
EURJPY facing strong bearish pressure, potential for further bea
EURJPY is seeing strong bearish pressure from our descending resistance line and bearish ichimoku cloud. Our 1st major resistance is at 132.05 (Fibonacci retracement, fibonacci extension, horizontal pullback resistance) where price might make a rally to before seeing it react off to continue on its bearish descent.
RSI (89) sees a long term descending resistance line add bearish pressure to our setup.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (89) sees a long term descending resistance line add bearish pressure to our setup.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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