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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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EUR/JPY profit target was reached perfectly, time to sell

The price shot up and reached our profit target perfectly from yesterday. We prepare to sell below major resistance at 120.23 (Fibonacci retracement, Fibonacci extension, and horizontal overlap resistance) for a drop to at least 119.44 support (Fibonacci retracement, horizontal overlap support).

Stochastic (34,5,3) is seeing major resistance below the 95% level where we expect a reaction from.

Sell below 120.23. Stop loss is at 120.70. Take profit is at 119.44.

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