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ICmarkets
Apr 24, 2019 2:59 AM

EURJPY Broke Past Major Support, Potential Further Drop! Short

Euro Fx/Japanese YenFXCM

Description

EURJPY broke out of its major support at 125.60 where it could potentially fall further to its support at 124.83 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support).
RSI (89) is being held down by a descending line which adds to its bearish pressure.
Comments
Johanes
Likely correct
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