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.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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