We clearly see that the EUR/JPY broke down a Symmetrical Triangle (see thick blue lines) two weeks ago, dropping from around 122.30 to 110.55 (1.175 pips!!!).
If prices will keep up with this pace is the $1 million question.
My strategy for the next week is:
* SHORT below 113.50 / 112.25 / 110.55
* LONG above 114.60 / 116.25
My strategy for the next week is:
* SHORT below 113.50 / 112.25 / 110.55
* LONG above 114.60 / 116.25
