EURJPY approaching resistance, potential drop!

١٩ نوفمبر ٢٠١٨

EURJPY is approaching our first resistance at 129.20 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 127.61 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
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