EURJPY reversed nicely off resistance, potential drop!
EURJPY reversed off its resistance at 129.55 (76.4% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance) where it could drop to its support at 127.27 (76.4% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) has reversed off its resistance at 97%. A bearish divergence with price has also been identified which contributes to our bearish bias.
Stochastic (89, 5, 3) has reversed off its resistance at 97%. A bearish divergence with price has also been identified which contributes to our bearish bias.
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