EUR/JPY approaching resistance, potential drop!

Posted On 31 Dec 2019

By : InstaForex

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!

About the Author

InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

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