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barisuka

Is 200 pips all you need this week?

Short
Euro / Japanese Yen (FX:EURJPY)  
barisuka  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns short EURJPY sellsignal eurjpyshort eurjpysell eurjpysetup
6
1
trendanalysis chartpattern short eurjpy sellsignal eurjpyshort eurjpysell eurjpysetup
We see a channel breakout and a bearish engulfing candle. We also see a retest and rejection from the resistance level. Lastly, we see a similar pattern and how the market went down in the circled area.

All these indicate that the price will continue to go down to the demand level giving us at least 200 pips on this pair.

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