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Forextradng

EURJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Short
03:26
by ForexWizard01
EURJPY approaching resistance, potential drop! EURJPY is approaching our first resistance at 132.80 (100% Fibonacci extension, Elliot wave structure). A strong drop might occur at this level, pushing price down to our major support at 131.62 (horizontal overlap support, 38.2% Fibonacci retracement). Stochastic (55,5,3) is approaching our major resistance and we might see a corresponding drop in price should react off this level. Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
Short
by Tickmill

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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