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EUR/JPY: Sell Set-up

Short
Euro / Japanese Yen (OANDA:EURJPY)  
ForexChicken Updated   
OANDA:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators EURJPY
4
2
trendanalysis chartpattern indicator eurjpy
Broke-out of consolidation to the down side with a re-test.
Downtrend has now form a rising bearish triangle/wedge pattern.
Divergence on RSI.
Waiting for the break-out to continue to the down side.
Comment:
144.26 - Potential strong support
Comment:
Broke out on PPI news. As mentioned 144.26 area was a strong support.
Still valid for a sell, waiting for a re-test
Comment:
Good drop from yesterday. Now we see the last high is being re-tested again.
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