Euro / Japanese YenShort
Pennant Breakout EURJPY
Nice pennant formation, plus the MACD and RSI are still in the 'sweet spot'. We saw a breakout on the downside due to ECB rate and QE news (Thanks Draghi!). The good news is it looks like there is still room to fall, with nice levels for profit targets which seem to coincide perfectly with the Fibonacci levels anchored in April and June.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.