APosner
Short

EUR/JPY could accelerate to the downside

FX:EURJPY   Euro / Japanese Yen
EUR/JPY has been on a steady pattern of lower highs and lower lows. First target at 126.50 has already been hit and 125.00 is next if momentum continues its current path. If a "risk-off" continues and potentially accelerates the downward channel could accelerate and reach the third target of 115.75. Need to see price action with momentum break the 125 close to consider 115.75 likely.

Comments

Price blasts through the 2nd target and now in the accelerated channel off the lows of the day.
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