A POSSIBLE SHORT FOR EURJPY

22 בספט׳ 2015

Its apparent that this pair is finding major resistance at the 137.096 level. Price approached there twice, but failed to break. On this pair we have more confluences in our belts. Last week's candle formed a spinning top, a bearish indecision. Friday's candle closed as a bearish pin bar, breaking the previous support of 135.000(now turned resistance). Trendline was broken, EMA crossed over and diverging. If the bearish momentum of this pair is strong, we could see a move to the downside (132.000) level.