EUR/JPY - SHORT!

14 ביוני 2016

Above shows an overview of the previous 3 years of the EUR/JPY. Above i have highlighted what i believe are a few key support levels in watching the meltdown of the EUR/JPY. The market has been consistently bearish for the past 12 months, and after the break of 120.00 we have seen a further decline to around 119.00. I believe once we see a break of the previous support set in 2013 of around 118.700 we could see a further decline to at least 117.00 very rapidly. Let me know your thoughts and trade set ups for this bearish pair.