EURJPY – Finally broke the range, heading down

The EURJPY traded for a while in between 117.73 and 113.78, but earlier this morning it broke through the lower extreme of the range triggering a bearish market condition:

The EURJPY is likely to continue its way down until it reaches the next LT support level around 111.49.

My trading plan: as long as it trades below 111.60 I’ll continue to look for short opportunities.

Trade Safe!

Rau Lopez
Forex Training



Raul Lopez

I've been trading the markets for more than 14 years. All my trades are based on price action. Check out my Forex Trading Room. I can help you trade with better results.