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GMPinvestors

EURJPY Short Idea

Short
Euro / Japanese Yen (FX:EURJPY)  
GMPinvestors Updated   
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Forex EURJPY short takeprofit stocastic
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trendanalysis forex eurjpy short takeprofit stocastic
The currency EURJPY has reached an important resistance (124.107). Today the candle had big shadow and comparing the closing price with the opening price we have a small variation of the price. We expect that the price will descend to 50% percent of fibonacci retracement (120.509).


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Comment:
Just a small update, as we expected, the market started a downtrend, we closed the TP1 and TP2. Let's see if the market will continue his trend untill our TP3.
Enjoy you all, traders!
Trade closed: target reached:
The trend followed our idea and we got our target! Stay tuned for our next analysis!
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