Euro / Japanese YenShort
EUR/JPY looks like being within Channel Resistance (Nikita FX)
EUR/JPY looks like still being within Channel Resistance (Yellow Zone ).
Situation is still quasi-neutral as far as being under descending resistance line 2.
Fib. 38.2%(94.10--149.78) support:128.51 had already been breached. And weekly close
(on Apr. 18) was below the 128.51.
The target of Triangle (A, and B) breakdown looks like being extended such as x 1.272
(therefore 134.22-(137.32-130.13) x 1.272=125.07 is still possible )
Nikita FX (climbingfx.jugem.jp/ )
Situation is still quasi-neutral as far as being under descending resistance line 2.
Fib. 38.2%(94.10--149.78) support:128.51 had already been breached. And weekly close
(on Apr. 18) was below the 128.51.
The target of Triangle (A, and B) breakdown looks like being extended such as x 1.272
(therefore 134.22-(137.32-130.13) x 1.272=125.07 is still possible )
Nikita FX (climbingfx.jugem.jp/ )
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.