EURJPY – Finally broke the range, heading down

Written by Raul Lopez on July 11, 2011. Posted in Trades & Analysis

The EURJPY traded for a while in between 117.73 and 113.78, but earlier this morning it broke through the lower extreme of the range triggering a bearish market condition:

The EURJPY is likely to continue its way down until it reaches the next LT support level around 111.49.

My trading plan: as long as it trades below 111.60 I’ll continue to look for short opportunities.

Trade Safe!

Rau Lopez
Forex Training

Tags: EURJPY Analysis

Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.

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I like to trade using simple tools such as support and resistance levels, candlesticks, price action and others. If you like simplicity, you'll love my Forex Training. Read more about me.

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