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Euro / Japanese Yen
Long

EURJPY facing bullish pressure, potential for further upside!

505
EURJPY is currently facing bullish pressure from 1st support level which coincides with 61.8% fibonacci retracement. Prices might push up towards 1st resistance which coincides with 61.8% fibonacci extension and 127.2% fibonacci retracement. If prices fall through 1st support level, prices might pullback to 2nd support which coincides with 61.8% fibonacci extension and 50% fibonacci extension. EMA is also below prices, signalling a bullish pressure on prices.
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Chart PatternsEUReurjpylongHarmonic PatternsjpyTrend Analysis

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Chart PatternsEUReurjpylongHarmonic PatternsjpyTrend Analysis
FXCM
Broker
Follow and Trade this analysis from your Charts. FXCM now Integrated with TradingView. Contact FXCM for more information.
Also on:

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.