EURJPY longer term perspective

11 ก.พ. 2017

we finally broke out of the consolidation zone and tested 120. found support on 18ema and key monthly level.

I do strongly think at some point this year we will see a huge decline in EJ and i will be mainly bearish on this pair moving forward.

I will be looking for shorts to 118's firstly then will wait to see if we break and rest the weekly trend line.

we will see 110's in my opinion maybe 2018.

thoughts?