FX.co - EURJPY facing bearish pressure from our resistance, potential reversal

2020-07-16T03:34:12

Relevance until2020-07-17

Trading Recommendation

Entry: 122.208

Reason for Entry: 61.8% fibonacci retracement, 61.8% fibonacci extension, horizontal pullback resistance and break out trend line

Take Profit: 121.203

Reason for Take Profit: Horizontal overlap support, 61.8% fibonacci retracement

Stop Loss: 122.511

Reason for Take Profit: Horizontal swing high resistance

*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 ★ EURJPY facing bearish pressure from our resistance, potential reversal