FX.co - EUR/JPY near key resistance, a drop is possible!

2019-05-13T01:58:48

Relevance until2019-05-14

EURJPY near key resistance, a drop to 1st support is possible

Entry:123.59

Why it's good :100% Fibonacci extension, 23.6% & 38.2% Fibonacci retracement

Stop Loss : 124.29

Why it's good :38.2% & 61.8% fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance

Take Profit : 122.52

Why it's good: 61.8% Fibonacci retracement, 100% Fibonacci extension*2, horizontal swing low support

EUR/JPY near key resistance, a drop is possible!

*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 near key resistance, a drop is possible!