FX.co - EUR/JPY approaching resistance, potential drop!

2020-02-04T10:19:38

Relevance until2020-02-05

Trading Recommendation

Entry: 120.519

Reason for Entry: 23.6% fibonacci retracement, horizontal pullback resistance

Take Profit : 119.249

Reason for Take Profit: Horizontal swing low support, 61.8% fibonacci retracement

Stop Loss: 121.388

Reason for Stop loss: 50% fibonacci retracement

*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 resistance, potential drop!