Anbat
Short

EURJPY- MAJOR DIRECTION BEARISH!!

FX:EURJPY   Euro Fx/Japanese Yen
22 0 2
Making sense out of this weeks trading is very hard, only EURJPY             chart with PA this low before, is 1 M chart. From attached chart this month (June- 2016) has formed a very long red bearish candlestick . Note this very long red candlestick has NO upper shadow or wick & all pressure is market to go lower still. PA & ema 50 will be doing a death cross with ema 200 very soon. RSI on bottom is under 50. PA this month has broken below Ichimoku cloud .

Big Question is: How low will it go??
The low noted on monthly chart is 94.114, which almost 4 years ago. In my opinion-- nothing is stopping EURJPY             pair from continuing to at least the low of 108.00 next week. That would be next SUPPORT area on this chart. Be careful & trade with your brain and eyes 1st-> what you see with PRICE ACTION will keep you trading with TREND.
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