EURJPY potential for further downside |9th June 2021

9 cze 2021

Prices are in a general downtrend. A bounce might be expected from horizontal swing high resistance in line with 50% Fibonacci retracement and 78.6% Fibonacci extension . Prices might push down towards horizontal swing low support in line with 78.6% Fibonacci retracement . If prices continue to retrace, prices might face resistance from horizontal swing high resistance in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension . Stochastics is also facing resistance from 89.79 level.

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