EURJPY Breakdown: future Head and Shoulder-pattern

The head and shoulders pattern is based on the trendchannel EUR/JPY is trading in right now, and on Fibonacci retracement levels serving as support/resistance. Other supports are double bottoms/tops. Upside target before the end of the week is 136.00, after which price could advance to a maximum of 136.253 (161.8% fib) before declining to the first Fib retracement level of 135.366.