easyMarkets
Short

EURJPY approaching resistance, potential drop!

FX:EURJPY   Euro / Japanese Yen
Price is approaching our first resistance (horizontal overlap resistance, short term descending resistance line, 38.2% Fibonacci retracement ) where we might see a corresponding drop to our first support level (horizontal pullback support, 50% Fibonacci retracement ).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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