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Euro / Japanese Yen
Short

EURJPY Reversed Off Resistance, Potential For Further Drop

By ICmarkets
Broker
EURJPY reversed off its resistance at 125.47 (61.8% & 100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it could drop further to its support at 124.67 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) reversed off its resistance at 98% where a corresponding drop could occur.
Chart PatternsHarmonic PatternsTrend Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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