FX.co - EUR/JPY facing bearish pressure from resistance, potential for further drop!

2020-02-07T09:17:44

Relevance until2020-02-08

Trading Recommendation

Entry: 120.967

Reason for Entry: 38.2% fibonacci retracement

Take Profit : 119.249

Reason for Take Profit: Horizontal swing low support, 61.8% fibonacci retracement, 61.8% fibonacci extension

Stop Loss: 121.388

Reason for Stop loss: 50% fibonacci retracement

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ EUR/JPY facing bearish pressure from resistance, potential for further drop!