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Euro / Japanese Yen
Short

EURJPY Reversed Off Resistance, Potential For A Further Drop

By ICmarkets
Broker
EURJPY reversed off its resistance at 129.35 (100% Fibonacci extension x3, 76.4% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 128.50 (50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) reversed off its resistance at 94% where a corresponding drop 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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