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michael6malone

The price will likely drop to $114.72

Short
Euro / Japanese Yen (FX:EURJPY)  
michael6malone Updated   
FX:EURJPY   Euro / Japanese Yen
eurjpy_fib
1
0
eurjpy_fib
2016Sep10 The price will likely drop to $114.72 and possibly as low as $114.00.

The price has been trending down.
The RSI appears to be coming down.
Comment:
I placed my stop at 115.51.
Comment:
The target of 114.72 was reached. Seeing the strong red candles on the 60min chart I adj the target to 114.00 and moved my stop up periodically. I am now out of the trade and waiting to see how things look if the price retraces to the 38.20% fib level.
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