EUR/JPY reversed from resistance zone

EUR/JPY reversed from resistance zone

2019-11-11 • Updated

  • EUR/JPY reversed from resistance zone
  • Next sell target - 131.70

EUR/JPY recently reversed down from the resistance zone lying between the strong resistance level 134.50 (which reversed the previous upward waves (i) and (b), as can be seen below) and the upper daily Bollinger Band. The downward reversal from this resistance zone stopped the previous minor impulse wave i. EUR/JPY is expected to fall to the next sell target at the next support level 131.70 (which has been reversing the pair from the end of September).

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