Euro / Japanese YenShort
EURJPY reversed nicely off resistance, potential drop!
EURJPY reversed off its resistance at 129.55 (76.4% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance) where it could drop to its support at 127.27 (76.4% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) has reversed off its resistance at 97%. A bearish divergence with price has also been identified which contributes to our bearish bias.
Stochastic (89, 5, 3) has reversed off its resistance at 97%. A bearish divergence with price has also been identified which contributes to our bearish bias.
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.