Tickmill
Short

EURJPY testing major resistance, possible upcoming reversal!

FX:EURJPY   Euro / Japanischer Yen
EURJPY is now testing major resistance at 135.16 ( Fibonacci retracement , horizontal overlap resistance) and a strong reaction could occur at this level to drive price down towards 134.34 support ( Fibonacci retracement , horizontal overlap support).

Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding reaction could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

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This analysis is provided as general market commentary and does not constitute investment advice.
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