Greetings.
The EUR/JPY has been in a channel for a little while now and now seems to be forming a contracting triangle.
For the shorter term, look for a potential movement down to the 133.50 area and below. Again, please keep in mind we’re referring to the short term here.
The price to watch on the upside is 135.71. After we see the break down complete, we’ll potentially see a movement back up.
Remember to apply your own analysis, use your stops and apply your money management.
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