FxPro - Analytics

FxPro

761.75 6.25/10
89% of positive reviews
Real

EURJPY Wave Analysis – 13 April, 2019

 
  • EURJPY reversed from resistance level 119.00
  • Likely to fall to 116.20

EURJPY recently reversed down from the key resistance level 119.00 intersecting with the 50% Fibonacci retracement of the previous downward impulse (i) from March.

The downward reversal from the resistance level 119.00 started the active short-term impulse wave (iii).

Given the strong bullish yen sentiment – EURJPY is likely to fall further toward the next support level 116.20 (which has been reversing the price from the start of September).

EURJPY reversed from resistance level 119.00 Likely to fall to 116.20


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree