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

EURJPY Analysis

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .