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EURJPY is approaching resistance, potential reversal

By admin_mrketsIn ForexPosted January 20, 2021
EURJPY is approaching resistance, potential reversal for FX:EURJPY by FXCM


EURJPY is approaching resistance, potential reversal

Euro Fx/Japanese Yen FX:EURJPY
FXCM



Price is approaching our resistance in line with our horizontal pullback resistance where we could see a reversal below this level to our first support target. Ichimoku cloud is showing signs of bearish pressure as well in line with our bearish bias.

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