EURJPY: Price in Cumulus Cloud Formation

FX:EURJPY   Euro / Japanese Yen
  • EURJPY in Cumulus Cloud Formation
  • Lots of Ranged Movement + Weak Price Action
  • Double Top Pattern weak (short neckline)
  • If price breaks the Cumulus Cloud lower 133.10 is first responder
  • Long term downside support at 127.057
  • Long time upside at 150.00 (2014 High)

Our overall view is Neutral. Wait until clear break of this Cumulus + Lagging Line Confirmation. Potential in this trade on pick up of volume .
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