EURJPY Approaching Resistance, Potential Reversal

EURJPY Approaching Resistance, Potential Reversal

EURJPY is approaching its resistance at 124.67 (61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal pullback resistance) where it could potentially reverse to its support at 121.86 (50% Fibonacci retracement ).

Stochastic (34, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.

 

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