ForceFollower

Gravitating towards the multipivot line

Short
FX:EURJPY   Euro / Japanese Yen
1
The multipivot line at 125 is my current target. It's a coincidence of a major horizontal support, down sloping median line and an up sloping sliding parallel. If I get it right, it should act as a magnet. Then, if it holds, we may see a bounce back up to 128, otherwise - esp. upon a fast 'zoom-through' - we may get down to the lower border of the pink channel and not stop until we see 123 or, in the extreme case, 120.

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