EURJPY approaching resistance, potential drop!

11 เม.ย. 2018

EURJPY is approaching our first resistance at 132.80 (100% Fibonacci extension, Elliot wave structure). A strong drop might occur at this level, pushing price down to our major support at 131.62 (horizontal overlap support, 38.2% Fibonacci retracement).

Stochastic (55,5,3) is approaching our major resistance and we might see a corresponding drop in price should react off this level.

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