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UnknownUnicorn2396129

EURJPY STRONG RESISTANCE POINT REACHED

Short
Euro / Japanese Yen (OANDA:EURJPY)  
UnknownUnicorn2396129 Updated   
OANDA:EURJPY   Euro / Japanese Yen
Support and Resistance Trend Lines Parallel Channel EURJPY eurjpyshort eurjpylong eurjpysignal eurjpytrade eurjpyforecast eurjpyprediction eurjpysell eurjpyanalysis
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supportandresistance trendline parallelchannel eurjpy eurjpyshort eurjpylong eurjpysignal eurjpytrade eurjpyforecast eurjpyprediction eurjpysell eurjpyanalysis
Price has been travelling in a large ascending channel, we experienced a fake out to the downside, price made its way back into the channel annd shot up all the way up to the previous resistance point which is quite significant. We saw a major drop the last time we were here, can it happen again down to the bottom of the channel?

We believe so...

Price is currently being held up by a small support which we believe is about to be broken as the steep trend line it was following on its way up has now been broken.
Trade closed: target reached:
TP HIT
Trade closed: target reached:
TARGET 2 REACHED
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