EURJPY: Head & Shoulders' pattern supports more correction.
Target: 140.10
Risk: 143.80
Technical Reasons:
A head and shoulders’ pattern was completed to support continuing the short term bearish correctional wave, and the full target of this pattern is located at 140.10, meeting 61.8% Fibonacci level for the bullish wave measured from 134.13 to 149.77.
Negative pressure from the exponential moving average 50, and negative signal comes from stochastic indicator.
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Risk: 143.80
Technical Reasons:
A head and shoulders’ pattern was completed to support continuing the short term bearish correctional wave, and the full target of this pattern is located at 140.10, meeting 61.8% Fibonacci level for the bullish wave measured from 134.13 to 149.77.
Negative pressure from the exponential moving average 50, and negative signal comes from stochastic indicator.
www.fxhighway.com
www.facebook.com/fxhighwaycom/
twitter.com/
plus.google.com/1054...15961677289743/posts