EURJPY Simple analysis

FX:EURJPY   Euro / Japanese Yen
EURJPY             possible move to the downside wait for confirmation on the breakout or even a confirmation. Target is at 133.966
If its a H&S then the target should be much bigger on a Daily chart. I see the target is not even below neckline. and break of neckline will only validate that its a Valid H & S.
Hi chetanFX, exactly if the price reaches my 134 price that will validate that it's a H&S. Also i made that specific target due to a possible breakout and not just keeping H&S pattern in mind. So if the price breaks and confirms it will go to 134 and obviously could mean a lot more downside.

Lets see and Good Luck :)
+5 Reply
ChetanFX KevinSinghDhaliwal
Good luck buddy..
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