Ambipath
Short

EurJpy is going down to previous lows during next month

FX:EURJPY   Euro / Japanese Yen
FX:EURJPY            
snapshot

The price just bounced off the level that has been respected for a long time on multiple occasions. We also have a dark cloud pattern formed on a weekly chart further confirming downward movement. Also Friday action ended on a 4H reverse hammer . I think we have enough signals to expect strong down moves to previous lows and possibly further to continue the down trend.

Trade closed: target reached: The target level were reached almost in one abrupt move down.
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