EURJPY reacted off its first resistance level at 130.440 (61.8% Fibonacci retracement , horizontal swing low support 61.8% Fibonacci extension ). A strong reaction might occur at this level pushing price up to our major resistance at 132.190 (Horizontal swing high resistance).
RSI (14 period) is also approaching highs of 47%, a good precursor for a potential rise should it react off this level.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
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RSI (14 period) is also approaching highs of 47%, a good precursor for a potential rise should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Please add a comment... Positive feedback and constructive criticism are important to authors and the community.