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EURJPY: Bearish Continuation

Short
Euro / Japanese Yen (OANDA:EURJPY)  
VasilyTrader Updated   
OANDA:EURJPY   Euro / Japanese Yen
Fibonacci Candlestick Analysis Parallel Channel euro yen japaneseyen EUR EURJPY Technical Analysis forecast swing trading
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fibonacci candlestick parallelchannel euro yen japaneseyen eur eurjpy technicalanalysis forecast swing trading
snapshot

EURJPY retested a broken support line on a major parallel channel on a daily.

on 4h the price formed a sequence of reversal candles:
dodji + rejection candles,
bearish engulfing candle

+ the retest point matches perfectly with a 618 fib.retracement of the last bearish impulse on 4H.

based on that the probability that the price will start falling is very high.

initial target 125.0
Comment:
Check new analysis on USDCHF!!!
USDCHF: Scenarios & Key Supply/Demand Points
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