FX.co - EUR/JPY Approaching Major Resistance, Could We See A Big Drop?

2019-05-17T01:47:58

Relevance until2019-05-17

Description :

EURJPY near key resistance, a drop to first support is possible

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 Approaching Major Resistance, Could We See A Big Drop?