eurjpy price movement Supported on 125-126 area now what ……..
eurjpy pair close below 131 area during the session on last friday
we can see on the charts few things that show to us the bearish move on this pair
The intersection of the tracks began in 2013 and marked a positive direction, currently turned negative in two years
second the technical format : we can see The rounding top pattern at the charts is a reverse U-shape, also called a “reverse saucer. ” The top is rounded with a flat top.
149.76,
update at : 5/5/2015
price reached to 126 area
cross up 131 area
the next leg will be for my opnion to 138 area,now rhe trend is to remain flat for now and look to buy on dips,from there we need to look closely again
Further out, resistance resides at the 138 level. On the downside, support comes in 131 level
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| eurjpy |
This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice