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FXCM
Mar 18, 2021 9:18 AM

EURJPY facing bullish pressure, potential for further upside! Long

Euro Fx/Japanese YenFXCM

Description

EURJPY is currently facing bullish pressure from 1st support level which coincides with 61.8% fibonacci retracement. Prices might push up towards 1st resistance which coincides with 61.8% fibonacci extension and 127.2% fibonacci retracement. If prices fall through 1st support level, prices might pullback to 2nd support which coincides with 61.8% fibonacci extension and 50% fibonacci extension. EMA is also below prices, signalling a bullish pressure on prices.
Comments
exesdegglac
Oh yeah!
ycosdeflor
Thanks for the good analysis once again!
ruthwhp4
Thank you!
tincsalwaca
Thanks , Great post !!!
forttercompac
I have something similar :)
voibpx
Thanks FXCM for the good analysis
mzitzka
Thanks for the wonderful analysis...
rackliffek
you have helped me greatly thanks!
tussiedmunds
Thanks for the wonderful analysis...
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