Slight Weakening of the Euro Presents an Entry on the EURJPY

4 ביוני 2015

Bearish signals on the Euro has presented a potential downward movement on the EURJPY. There is a high test that formed today running through the .618 Fibonacci retracement and the monthly support/resistance level (area) of 140.00. Moreover, the reward risk ratio in this potential entry is a nice 2:1.