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Tip.Brain

Yen pairs remain over extened

Short
Euro / Japanese Yen (FX:EURJPY)  
Tip.Brain  
FX:EURJPY   Euro / Japanese Yen
1
0
The Yen pairs continue to show signs of over extension, Eur Yen made an aggressive reversal at the recent high and continues to look. We see a big separation between the 50ma and 200ma now which will likely force EY lower in the coming sessions. The key elements

Reversal - "shark fin" at the highs.

Extended price separation

Target 1 139.25

Target 2 138.50

Valid until stop 141.60
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