EUR/JPY right on major resistance, prepare to sell
The price is reacting off major resistance at 130.50 (Fibonacci extension, horizontal swing high resistance, bearish pride action) and we expect to see a reaction off this level for a drop towards 129.61 support (Fibonacci retracement, horizontal pullback support). Stochastic (21,5,3) is seeing a reaction off our 95% resistance with good downside potential to play […]