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MEX_Exchange

EURJPY approaching major resistance, prepare to sell

Short
Euro / Yen giapponese (FX:EURJPY)  
MEX_Exchange  
FX:EURJPY   Euro / Yen giapponese
Trend Analysis Harmonic Patterns Chart Patterns EURJPY EUR jpy eurjpyshort eurjpylong eurjpysignal eurjpytrade eurjpyforecast forexsignals
95
0
trendanalysis harmonicpatterns chartpattern eurjpy eur jpy eurjpyshort eurjpylong eurjpysignal eurjpytrade eurjpyforecast forexsignals
Sell below 136.15. Stop loss at 136.75. Take profit at 134.62.
Reason for the trading strategy (technically):
Price is approaching major resistance at 136.15 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong reaction could occur at this level to drive price down to at least 134.62 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is approaching major resistance at 95% where a corresponding reaction could occur.
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