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EURJPY: Descending Triangle

Short
Euro / Japanese Yen (FX:EURJPY)  
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FX:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis Forex trading Technical Analysis EUR jpy EURJPY euro yen signal
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trendanalysis chartpattern waveanalysis forex trading technicalanalysis eur jpy eurjpy euro yen signal
snapshot

EURJPY is currently contracting within a descending triangle formation.
if bears break below the horizontal support of a triangle,
for us it will be a signal to short the pair expecting bearish continuation.

T1 - 117.6
T2 - 117.2

you can also apply a trailing stop because the market has much space to go lower!

stop will be above the last lower high of a triangle.
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