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EURJPY to go lower.

Singkat
Euro / Yen Jepun (FX:EURJPY)  
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FX:EURJPY   Euro / Yen Jepun
Trend Analysis Chart Patterns EURJPY eurjpyshort
3
1
trendanalysis chartpattern eurjpy eurjpyshort
Why it is lower?
  • The pair has been lower since the creation of a double top and bearish divergence since early this year.
  • However after price penetrated the double top neckline, it retested it in May and since then price moved within within a well defined range.
  • Price move into a consolidation since late Oct and created a descending triangle.
  • A few days ago, a bearish price action penetrated the support of the triangle.
  • The support was then retested yesterday but failed with a bearish key reversal.
  • The pair might be heading lower towards 124.5.
  • Already short this pair at 127.23.
Good luck and happy holidays!
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Dagangan ditutup: sasaran tercapai:
TP hit. Stand aside for now.
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