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RJUN

The Channel Reversal

Short
Euro / Japanese Yen (FX_IDC:EURJPY)  
RJUN  
FX_IDC:EURJPY   Euro / Japanese Yen
EURJPY eurjpyshort Parallel Channel
9
0
eurjpy eurjpyshort parallelchannel
EURJPY has been trading in the channel and their are no signs of breaking the channel on the upside, which supports our view of a potential reversal.
It may test the other end of the channel, but due to the structure formed at 123.0 it may test and may or may not test the other end of the channel. Therefore to be on the safer side,
we can take partial profits at the structure!
Enter according to the price action.
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