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

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Forex Analysis:::2020-07-16T03:34:12

EURJPY facing bearish pressure from our resistance, potential reversal

EURJPY facing bearish pressure from our resistance, potential reversal

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

Analyst InstaForex
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