Euro / Japanese YenShort
EURJPY approaching resistance, potential drop!
EURJPY is approaching our first resistance at 127.74 (horizontal overlap resistance, 23.6%, 38.2%, 50% Fibonacci retracement) where price might potentially drop to our first support at 126.34 (horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price should it react off this level.
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price should it react off this level.
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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.