EURJPY approaching resistance, potential drop!

22 בנוב׳ 2018

EURJPY is approaching our first resistance at 130.89 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 129.17 (horizontal pullback support, 50% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastics (55,5,3) is also approaching resistance and we might see a corresponding drop in price.
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