Main Quotes Calendar Forum
flag

FX.co ★ EUR/JPY reversing nicely, prepare to sell

parent
Forex Analysis:::2017-09-08T01:37:57

EUR/JPY reversing nicely, prepare to sell

We remain bearish looking to sell on strength below 130.93 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) for a strong push down to at least 12932 support (Fibonacci extension, horizontal swing low support).

Stochastic (55,5,3) is seeing major resistance below 92% and we expect a further drop from this level.

Sell below 130.93. Stop loss is at 131.43. Take profit is at 129.32.

EUR/JPY reversing nicely, prepare to sell

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...