The price action of EURJPY is currently testing the 61.8 per cent Fibonacci retracement level at 131.212, which is where the next bearish correction is most likely to emerge.
The next dropdown could fall as low as the 23.6 per cent Fibonacci at 128.909, provided that no rebounds occur from the 38.2 per cent Fibonacci at 129.789.
The next dropdown could fall as low as the 23.6 per cent Fibonacci at 128.909, provided that no rebounds occur from the 38.2 per cent Fibonacci at 129.789.
