FX.co - EUR/JPY broke major support under bearish channel pressure!

2019-04-24T02:40:12

Long-term review

Entry : 125.60

Why it's good : horizontal overlap resistance, 23.6% fibonacci retracement

Stop Loss : 126.10

Why it's good : horizontal swing high resistance, 50% fibonacci retracement

Take Profit : 124.83

Why it's good : horizontal swing low support, 61.8% & 100% fibonacci extension, 61.8% fibonacci retracement

EUR/JPY broke major support under bearish channel pressure!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ EUR/JPY broke major support under bearish channel pressure!