FX.co ★ EUR/JPY Approaching Resistance, Prepare For A Reversal

EURJPY is approaching its resistance at 129.67 (61.8% & 100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 129.04 (50% Fibonacci retracement).

Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.

EUR/JPY is approaching its resistance where we expect to see a reversal.

Sell below 129.67. Stop loss 129.95. Take profit at 129.04.