Forex

EUR/JPY Triple Bottom Trend Line Endangered

October 24, 2018

2 min read

tarantula fx

Head of Trading

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EUR/JPY Triple Bottom Trend Line Endangered

Hi traders,

The EUR/JPY has a bearish SHS pattern (head and shoulders) that it’s going all the way down driven by Asian Yen safe haven flows.

128.65 is the level where we could possibly make another short should the price retrace and touch it again. Head and Shoulders pattern has been developing all the way down to D L4 support. A break of the triple bottom trend line will cue for a bearish continuation towards 127.80.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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