EUR/JPY dropping nicely from our selling area

Price has tested our selling area and is dropping nicely from there. We remain bearish below major resistance at 125.55 (Fibonacci extension, Elliott wave theory, swing high resistance, bearish divergence) for a strong push down to at least 124.72 support (Fibonacci retracement, horizontal swing low support). Stochastic (55,5,3) is dropping nicely from our 94% resistance […]