EUR/JPY at the Verge of Breakout

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The EUR/JPY is at the verge of a breakout.

By looking at the daily TF chart we can see a nice zone for shorts. 128.60 sell trades are in progress and we could expect a breakout lower soon. The first target is 127.65. If the price moves lower then the next target is 126.83 and below 126.40. Look for a strong downtrend continuation if below 126.40.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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