EURJPY approaching major support, watch for a potential bounce!

2018년 2월 5일

EURJPY is reacting off major resistance at 137.42 and a drop could occur all the way down to 136.21 which is our first major support level (Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support). A bounce could occur at this level to drive price up to at least 137.42 resistance (Fibonacci extension, horizontal swing high resistance) once again.

RSI (34) is making a pullback to our descending support line.

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