EURJPY approaching major support, watch for a potential bounce!
EURJPY is reacting off major resistance at 137.42 and a drop could occur all the way down to 136.21 which is our first major support level (Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support). A bounce could occur at this level to drive price up to at least 137.42 resistance (Fibonacci extension, horizontal swing high resistance) once again.
RSI (34) is making a pullback to our descending support line.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (34) is making a pullback to our descending support line.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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