Mihai_Iacob

EurJpy could lose support

Viés de baixa
FX:EURJPY   Euro / Iene Japonês
Since the end of February low under 140, EurJpy rose strongly, more than 2000 pips and almost touching 160 important figure.
In August, the pair consolidated, and this consolidation could very well be distribution.
Now the pair is trading under 157 zone support and a daily close under this support could lead to further losses.
As long as the 158.70 high is intact I'm looking to sell rallies with a target at 154 support.
In the medium term, however, the pair could drop even to important 151.50 support.


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