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

2019-06-04T02:06:13

Relevance until2019-06-05

EURJPY reversed off key resistance, a drop to first support is possible

Entry: 121.64

Why it's good : 61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal pullback resistance

Stop Loss : 122.24

Why it's good :50% Fibonacci retracement, horizontal overlap resistance

Take Profit : 120.75

Why it's good: 76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing low support

EUR/JPY reversed off 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 reversed off key resistance, a drop is possible!