EUR/JPY Approaching Major Resistance, Could We See A Big Drop?

Description :

EURJPY near key resistance, a drop to first support is possible

Entry: 123.26

Why it’s good :100% Fibonacci extension, 38.2% & 23.6% Fibonacci retracement, horizontal swing high resistance

Stop Loss : 124.25

Why it’s good :100% Fibonacci extension,50% Fibonacci retracement,horizontal swing high resistance

Take Profit : 122.10

Why it’s good: 61.8% Fibonacci extension, horizontal swing low support

The material has been provided by InstaForex Company – www.instaforex.com