EURJPY approaching resistance, potential drop!
Price is approaching our first resistance (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop to our major support (horizontal swing low support, 61.8% Fibonacci retracement) might occur. Stochastic is also approaching resistance and ichimoku cloud is under bearish pressure as well.
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Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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