FX.co ★ EUR/JPY prepare to sell on major resistance

The price is approaching major resistance at 129.60 (Fibonacci retracement, horizontal overlap resistance) and we're expecting a strong reaction off this level for the price to make a push down to at least 128.53 support (Fibonacci extension, horizontal swing low support).

Stochastic (21,5,3) is seeing major resistance below 94% where we expect a reaction from.

Sell below 129.60. Stop loss is at 130.15. Take profit is at 128.53