FX.co ★ EUR/JPY testing strong resistance, time to sell

The price is testing strong resistance at 131.24 (Multiple Fibonacci retracements, Fibonacci extension, descending resistance) and a strong reaction could occur at this level to push the price down to 129.45 support (Fibonacci extension, horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance at 97% where a corresponding reaction could occur.

Sell below 131.24. Stop loss at 132.26. Take profit at 129.45.