CurrencyAnalysis
Short

Where will EURJPY going?

FX:EURJPY   Euro Fx/Japanese Yen
122 0 0
an idea on what's going on with EJ             pair.

Info:
- 1 Day down trending
- 4 Hr             down trending
- Broke 0.618 fibo line but still got 2 support at 135.731

What was on my mind:
- Winning trade will go on SELL
- Open trade if price below 0.764 fibo line
- Looks a like bullish descending triangles
- If price broke to the 0.764, price will go down to 1.176 fibo line , sizing anchor from the triangle
- Will look at the news.
- Putting stop loss at the last resistance

What will happen if Japanese going strong:
- Breakout at resistance line.
- Retest on line 0.382 and 0.236
- Else, trend will be bullish , and winning will be buy
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