Description of the pattern: JPY is likely to remain stronger due to haven demand for the anti-risk JPY. EURJPY rejected Fib 78.6 Retracement.
On the smaller charts, bearish triangle breakout almost completed.
It is trading at 124.610. Bearish continuation is predicted.
Time Frame: H1
Trade Period: Intraday /Midterm
Estimated completion time: 2-16 H4 Candle Sticks
The trend in the Timeframe: Bearish
The trend in the Daily Chart: Bearish
Trade Based On Triangle Breakout / Fibo Rejection
The accuracy of the pattern: 93 %
Recommended Lot Size: 0.10 at 10K
The Area Of The Entry: 124.610
Stop Loss: 124.850
Target 1: 124.400 / Reached
Target 2: 123.900
Target 3: 123.000
DON’T MISS OUT!! LIMITED TIME OFFER
BASIC PACKAGE MEMBERSHIP 6 MONTHS for $ 219
VERIFIED ACCOUNT AND SETUP RESULTS
Subscribe to our premium packages if you would like to get 1000+ instruments analysis and trade signals of Chartreadreadepro.
You can contact us via Skype User Name: Chartreaderpro
DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
EURJPY: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility