EURJPY potential for further downtrend | 11 Nov

EURJPY potential for further downtrend | 11 Nov for FX:EURJPY by FXCM

EURJPY potential for further downtrend | 11 Nov



Price is near sell entry price of 130.745 which is 50% Fibonacci retracement and 127.2% Fibonacci projection . Price can potentially dip to the take profit level of 129.386 which is also 78.6% Fibonacci retracement and graphical overlap support. Our bearish bias is supported by ichimoku cloud indicator as price is trading under it.

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