quantguy
Short

Pennant Breakout EURJPY

FX:EURJPY   Euro Fx/Japanese Yen
Nice pennant formation, plus the MACD and RSI are still in the 'sweet spot'. We saw a breakout on the downside due to ECB rate and QE news (Thanks Draghi!). The good news is it looks like there is still room to fall, with nice levels for profit targets which seem to coincide perfectly with the Fibonacci levels anchored in April             and June.
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