selfrighteousgambler
Short

EURJPY Short @~135.100

FX:EURJPY   Euro / Japanese Yen
Price has been moving lower recently, creating a descending triangle ( bearish pattern ).

Intermediate supply zone @ ~135.210. Reaction from the area should hopefully bring about a drop in price.

Distance of drop should be equal to width of triangle (all things being equal). Possible target, 134.000.

The zone @ ~135.580 has been tested a few times and should be watched as although it has been tested and demand is reducing, the zone can still be a stumbling block to profit taking.
Failed. Next supply area @ ~135.400!
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