Will EUR/JPY Prints New Lows ....

Will EUR/JPY  Prints New Lows ....

"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"

Now you can see the patterns : eur jpy going to make some big moves ...

From close look on the chart, we can see the eurjpy headed for lower prices
Next resistance area stays in 111.60 -116.30 break up those level will lead eurjpy to 126-128 area with 122 area resistance ,whilein the middle we have  118-119, however, price shouldgo up well after resistance at 122.02,  break down 111.60 will 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 and even to 102-103 area

eur jpy 

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