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EURJPY Reversed Off Resistance, Potential For Further Drop

Short
Euro / Japanese Yen (FX:EURJPY)  
ICmarkets Broker  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis EURJPY EUR jpy CAD aud NZD chf GBP
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trendanalysis chartpattern waveanalysis eurjpy eur jpy cad aud nzd chf gbp
EURJPY reversed off its resistance at 130.00 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 127.88 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) reversed off its resistance at 99% where a corresponding drop could occur.
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