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LorenzoDecaria
Jul 13, 2015 3:33 AM

EURJPY H&S Short

Euro Fx/Japanese YenFXCM

Description

Despite delicate situation on the Euro, EURJPY could be the most bearish pair involving the common currency; this simply because as the Euro remains under pressure, the Japanese Yen is usually considered the "safe heaven" of currencies, hence the biggest Euro weakness could show up here. Technically speaking, a H&S pattern is taking shape on the daily time frame, but yet no signal has triggered: we have to wait for a neat break of the neckline, which happens to be at 133.00 handle. Don't be aggressive on this trade!
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