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Youngking22

Technical Analysis : EURJPY shorts 162.705 into lows at 163.537

Short
Euro / Japanese Yen (FX:EURJPY)  
Youngking22 Updated   
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Beyond Technical Analysis EURJPY Contains image
6
1
trendanalysis beyondta eurjpy containsimage
Resistance
163.209
163.180

Fib .50 level
162.946

Support
162.705
162.688

Profit Target
163.537

EURJPY experienced a strong rejection from the Fibonacci level of 162.946 and then broke below the previous day's low of 162.688. An entry has been initiated with the expectation that the price will continue to move towards the profit target of 163.537.
Trade closed: stop reached:
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