Mihai_Iacob

EurJpy- Where to sell?

Short
OANDA:EURJPY   Euro / Japanese Yen
After the 144 top, EurJpy took a dive and dropped to 138 zone support. The pair reversed but was unable to pass above the previous high and dropped again from 142 and even dropped under 138 zone support to the next level of support around 133.
At this moment we have a lower high and a lower low in place and we can expect a continuation to the downside.
The best place to sell and join this newly formed downtrend is between 137 and 138 with a target of 133 and negation above 140

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