Mihai_Iacob

EurJpy- Continuation to the down side?

Short
OANDA:EURJPY   Euro / Japanese Yen
Since the beginning of June, EurJpy has started to drop, putting in lower highs and lower lows on our daily chart.
At this moment the pair is consolidating in a symmetrical triangle and we can expect continuation.
127 could be a good target for swing traders and only sustained buying pressure above 130.50 would put a pause to this scenario.

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