The Simplest Ways to analyze eurjpy moves
The long journey from 2012 till 2014 was a story tell…..
Once 122 area is T2 yearly support broke down, the story finish with eurjpy – broke down 131 area accelerated the move
The trend became a negative bearish movement
Support area suggests for coming correction at 106 area
 |
| eurjpy |
From close look on the chart, we can see the eurjpy headed for lower prices
Next resistance area stays in 112.80 -114.30 break up those level will lead eurjpy to 115.80 Or even to 118-119, however, price should falter well below resistance at 122.02, bring another selloff later.
Break down 110.60 level is needed to be the first signal for more downside prices + if you will look closely: there is Triangular wedge pattern – target for this pattern target Derived in 106 price level
my forecast will stay bearish in case of recovery for eurjpy .
 |
| eurjpy pattern |
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
www.daytrade-profit.com