coondawg71
Short

EurJpy Continues to Drop

FX:EURJPY   Euro Fx/Japanese Yen
212 2 4
Please see chart notations. This is a continuation of a previously published chart. Pitchforks are drawn on trend changes marked with The Larks LMA indicator. The last LMA trend change marked allowed for the upward pitchfork to be drawn. Current price is still within the green bullish price action box but will continue to sell off and slide to the 137.45 price level due to a large gap which needs to be filled. Once this gap is filled we will have an opportunity to see who takes control of the pair, the bulls or bears. I see the 136.40 handle as the final line in the sand. If the bears take control, the bearish target of 133.20 handle will most certainly be considered a high probability.
Update: Oct 1, 2014

Five days after the original post, price has filled the gap.

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Junnil coondawg71
2 years ago
Nice
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