FX.co - EUR/JPY near key support, a bounce is possible to major resistance before a drop!

2019-05-16T08:42:58

Relevance until2019-05-17

Description :

EURJPY near key support, a bounce to 1st resistance is possible where a drop can occur.

Entry:123.26

Why it's good :100% Fibonacci extension, 38.2% &23.6% Fibonacci retracement, horizontal swing high resistance

Stop Loss : 124.25

Why it's good :100% Fibonacci extension,50% Fibonacci retracement,horizontal swing high resistance

Take Profit : 122.10

Why it's good: 61.8% Fibonacci extension, horizontal swing low support

*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 support, a bounce is possible to major resistance before a drop!