davidleekuanyong

After hitting uptrend targets...EURJPY could potentially...

Short
FX:EURJPY   Euro / Japanese Yen
After hitting our uptrend targets... EURJPY formed a double top with a consolidation near support/ bearish flag . A break below the bearish flag could present a potential downtrend.

Downtrend targets will be the 50%, 61.8% or even 2 Apr structure low of 124.489.

However a close above the double top pattern will cancel out this downtrend analysis.

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