EURJPY - Interesting Triangle

FX:EURJPY   Euro / Japanese Yen
414 5 1
Pretty hard to say what the new direction would be. We have a symmetrical triangle on an up trend, the odds would be for the continuation, but the break of the trend line might be a negative signal. Over the upper line the new target would be 117.00, under the lower one 112.40.
The false break to the downside got me. Your upside target was right.
Razvan matt_forex
Yes but, i was also on the downside. The fundamentals helped the euro today.
But at first penetration 113,70 strong support
It is possible to think about short position
I agree with your downside target of 112.40 area. The same triangle was forming on the 4hr, and I believe it has already broken to the downside.
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