ICmarkets

EURJPY Approaching Resistance, Potential For A Reversal

Short
OANDA:EURJPY   Euro / Japanese Yen
EURJPY is approaching its resistance at 128.39 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it could reverse down to its support at 127.71 (38.2% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur.

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