MEX_Exchange

EURJPY approaching major resistance, prepare to sell

Corto
FX:EURJPY   Euro/Yen japonés
Sell below 136.15. Stop loss at 136.75. Take profit at 134.62.
Reason for the trading strategy (technically):
Price is approaching major resistance at 136.15 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong reaction could occur at this level to drive price down to at least 134.62 support (Fibonacci retracement, Fibonacci extension, horizontal swing low support).
Stochastic (34,5,3) is approaching major resistance at 95% where a corresponding reaction could occur.
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