FX.co - EURJPY facing bearish pressure from our resistance, potential for further drop

2020-07-17T07:38:37

Relevance until2020-07-18

Trading Recommendation

Entry: 122.098

Reason for Entry: 23.6% fibonacci retracement, horizontal overlap resistance and descending trend line

Take Profit: 121.641

Reason for Take Profit: 38.2% fibonacci retracement

Stop Loss: 122.324

Reason for Take Profit: Horizontal swing high resistance, 61.8% 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 ★ EURJPY facing bearish pressure from our resistance, potential for further drop