Technical alert: EURJPY

5:09 PM May 22, 2020

EURJPY reached the key intraday support from a technical point of view. The area at 117.00 handle is marked with the lower limit of Overbalance structure as well as 38.2% Fibonacci retracement of the whole upward impulse. In case buyers manage to halt decline there, another upward impulse could be launched. On the other hand, breaking below it may trigger a bigger downward move. 

EURJPY H1 interval. Source: xStation5


Trading CFDs on a leveraged basis involves a significant amount of risk. They may not be suitable for everyone, so please ensure you fully understand all of the risks.

Forex and CFDs are leveraged products and can result in losses that exceed your deposits. Please ensure you fully understand all of the risks.

Losses can exceed deposits