EURJPY approaching resistance, potential drop!

12 ביולי 2018

EURJPY is approaching our first resistance at 131.32 (horizontal swing high resistance, 50%, 76.4% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 129.23 (horizontal pullback support, 61.8% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price should it react off this level.
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