nikitafx
Long

EUR/JPY ascending Regression Channel expanded lower (Nikita FX)

FX:EURJPY   Euro / Japanese Yen
297 0 1
After EUR/JPY's breakout thru its triangle (R is triangle upper line), P line is now a Big Resistance.
Therefore it plunged down to R line (even lower little bit, but within the triangle), and ascending
Regression Channel bottom line was expanded ( now S2 is the Channel bottom). As far as maintaining
this Channel, EUR/JPY             is still going upward (Weekly closing is now triangle breakout anyway ! ).

Q is now a minor Resistance, so it should break thru Q & P. This Chart will suggest that EUR/USD             is
also heading for upward in near future.

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