EURJPY approaching resistance, potential for drop!

12 Haz 2018

EURJPY is approaching our first resistance at 131.41 (horizontal swing high resistance, 50%, 76.4% Fibonacci retracement, 61.8% Fibonacci extension). A strong reaction might occur below this level, pushing price down to our major support at 128.18 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our resistance and a reaction off this level might see a corresponding drop in price.
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