EUR/JPY approaching resistance, potential drop!

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Trading Recommendation

Entry: 123.153

Reason for Entry:

Horizontal swing high resistance, 61.8% Fibonacci retracement, 78.6% Fibonacci extension

Take Profit : 121.060

Reason for Take Profit: horizontal overlap support, 61.8% Fibonacci retracement

Stop Loss: 125.131

Reason for Stop loss:

Horizontal swing high resistance, 78.6% Fibonacci retracement, 1.272% fibonacci extension

The material has been provided by InstaForex Company – www.instaforex.com

Source:: EUR/JPY approaching resistance, potential drop!

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