globalfxkingz

EURJPY HORIZONTAL CHANNEL

Short
OANDA:EURJPY   Euro / Japanese Yen
EURJPY has been travelling in an ascending channel ever since the extremely sharp drop on nearly all fx pairs, We have recently saw a breakout of this ascending channel to the downside, we are in the process of a retest of the channel now, so expect to see some large moves down unless price moves back into the channel and forms and inside retest.