Klimex

EURJPY approaching resistance, potential drop!

Short
FX:EURJPY   Euro / Japanese Yen
EURJPY is approaching our first resistance at 125.90 (61.8% & 50% Fibonacci retracement ,horizontal pullback resistance )where we might see a drop in price to our first support at 123.98 ( 76.4% Fibonacci retracement , horizontal swing low support).

Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.

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