Monday, May 4, 2015

EUR/JPY: 61.8% or 76.4% Fibo levels, possible resistances

On the 15 minute chart of the Euro versus the Yen, we can see that the pair has been retracing towards the 61.8% Fibonacci level, which could become a good resistance for the price. If the 61.8% level is broken to the upside, then a visit to the 76.4% Fibo is possible, around the 134.48 level. The 76.4% level could become an even more important resistance.


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