EURJPY HAVE BEEN TRENDING DOWN FOR THE PAST 4 WEEKS THE MOMENTUM LOOKS STRONG TO THE DOWNSIDE. PRICE HAS BEEN CREATING LOWER LOWS AND LOWER HIGHS. FOR THE PAST DAYS PRICE HAS BEEN TRAPPED UNDER THE LEVEL OF 61.8% OF THE FIB. THE STRONG REJECTION OF THE 61.8% STILL SHOWS THE MOMENTUM IS STILL TO THE DOWNSIDE
ENTRY AT THE BREAK OF 131.2160
TP AT 128.3470
NZDJPY PRICE ACTION SHOWING THE COMPLETION OF A BEARISH BUTTERFLY PATTERN. ON A GRAND SCALE OF THINGS IT DID AN TRIPLE BOTTTOM PATTERN, STEPPING DOWN TO THE 4HR CHART IT CREATED AN INVERTED HEAD AND SHOULDERS PATTERN WHICH WE EXPECTING PRICE TO REACH 127 LEVEL OF THE FIB
LAST WEEK WE CLOSED BIG BULLISH ENGULFING WHICH IS THE INDICATION OF MORE BULLISH ACTIVITY TO TAKE PLACE, THE WEEKLY TREND HAS BEEN REJECT AND PRICE USED 82.500 AS NEW FOUND SUPPORT. A MINI INVERSE HEAD AND SHOULDERS IS EVIDENT WHICH CONIFIRM BULLISH PRICE ACTION,
