The Simplest Way to analyze eurjpy moves

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 analysis

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 chart
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

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