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MMQ_FX

EURJPY - Reversal Zone Reached

Short
Euro / Japanese Yen (OANDA:EURJPY)  
MMQ_FX  
OANDA:EURJPY   Euro / Japanese Yen
Support and Resistance Trend Lines Candlestick Analysis EURJPY euro yen japaneseyen retailsales
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supportandresistance trendline candlestick eurjpy euro yen japaneseyen retailsales
I am a reversal from the strong flip level on EURJPY at around 1.2700.

I am wary the price could find support at the 124.200 level and continue in its recent bullishness. Euro was very strong yesterday following positive Retail Sales news during the London session.

However, overall the price in EURJPY is downtrending and we could see a drop to the September low if selling momentum can sustain.

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