Tag Archives: EURJPY

Sell Euro – Japanese Yen Big downtrend, hit downtrend trendline (purple) twice. Now we may retest the support and resistance zone around 119.0. TP: 119.0 SL: 121.225

Sell Euro – Japanese Yen A little later posted than suposed to, but not to late! We are now in a small retracement which could go back up to the trendline so another change for a great entry. We are currently in a downtrend for allmost two years on this pair, the trendline holds good in all this time. Now we touched the trendline again, so a good opportunity to sell at this point. I think the downside of this downtrend is allmost in sight. The target may also be the long waited lowest low before we go up again up to 125 at least. But first: TP: 115.0 SL: 121.5

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