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EURJPY Broke Below Sideways Chop Range

Discussion in 'Technical Analysis' started by Kaitlin, Apr 18, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    EURJPY broke below sideways chop last night when it was announced that OIL production cut back negotiations failed. There was a gap on JPY pairs and today early correction has closed most of gaps. JPY and OIL correlation links back to Risk-off sentiment, as Oil price drops, some sectors of[​IMG]

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