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Break Of Important Horizontal Support Triggered EURJPY Downside

Discussion in 'Technical Analysis' started by Kaitlin, Oct 29, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Having tackled the six month old horizontal support-line, around 133.00 mark, forming part of descending triangle, the EURJPY plunged to the lowest levels in nearly six months; however, the 61.8% Fibo of its April – June rally, near 131.80, followed by the 131.20 – 131.00 horizontal area can limit the[​IMG]

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