EURJPY selloff

22 Nov 2017

It is a holiday week guys so the markets volatility has slowed down a bit. On the other hand EJ is in a down trend making lower lows and lower highs. On the daily, price is close to hitting the first entry point @ 131.407 and exit @ 131.176 that is about a 2,310 pip sell off. As more of the trend develops we will begin to see more support areas reveals. We can expect price to hit lowest area of support which is around 130.603. The entry levels and take profits I have set up are looking to hit by the end of the week!