Euro / Japanese YenShort
EURJPY testing major resistance, watch for the reversal!
EURJPY is testing strong resistance at 130.21 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and a strong drop could occur from here to push prices all the way down to major support at 125.16 (Fibonacci extension, horizontal swing low support).
Stochastic (21,5,3) is seeing major resistance at 95% where a corresponding reaction could occur. We’re also seeing strong bearish divergence at 95% signalling a possible reversal could be impending.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (21,5,3) is seeing major resistance at 95% where a corresponding reaction could occur. We’re also seeing strong bearish divergence at 95% signalling a possible reversal could be impending.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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