EURJPY facing bullish pressure, potential for further upside!

EURJPY facing bullish pressure, potential for further upside! for FX:EURJPY by FXCM

EURJPY facing bullish pressure, potential for further upside!



EURJPY is currently facing bullish pressure from 1st support level which coincides with 61.8% fibonacci retracement . Prices might push up towards 1st resistance which coincides with 61.8% fibonacci extension and 127.2% fibonacci retracement . If prices fall through 1st support level , prices might pullback to 2nd support which coincides with 61.8% fibonacci extension and 50% fibonacci extension . EMA is also below prices, signalling a bullish pressure on prices.

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