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Short EURJPY on the breakdown of the Support
Euro / Japanese Yen
Short
Short EURJPY on the breakdown of the Support
By ppp7
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Jul 8, 2015
1
Jul 8, 2015
Same play as i posted before on the 4hr chart but this time on a smaller timeframe. (attached in the related links)
Same rationale as well as there is clear selling pressure building from the triangle/wedge pattern from the last few days.
Expected price target for this play is 130.90
1hr
anticipation
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breakdown
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Chart Patterns
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DAY
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down
downtrend
EU
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EURJPY
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Forex
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Momentum Indicator (MOM)
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Monthly Charts
Parallel Channel
PIP
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price-action
priceaction
prices
PRO
professional
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Related publications
Shorting EURJPY ahead of FOMC - Playing the downtrend momentum
by ppp7
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