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EURJPY Approaching Resistance, Potential for A Reversal

Short
Euro / Japanese Yen (FX:EURJPY)  
ICmarkets Broker  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns EURJPY EUR USD jpy NZD aud GBP
129
0
trendanalysis harmonicpatterns chartpattern eurjpy eur usd jpy nzd aud gbp
EURJPY is approaching resistance at 125.01 (50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 122.00 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
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