EURJPY - Shorts only

9 thg 2, 2015

Going to take a swing at EJ after we have cleared the yellow rectangular support zone and the confluent 0.5 fib level, thus it shall become a good resistance, decreasing our chances of our stop loss being triggered. Targeting the green rectangle first (immediate support) then my second target shall be the added range, confluent with a support level.
Again, price has been consolidating the past three weeks prior to the resumption of heavy selling.