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

email

Tags: EURJPY Analysis

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.