SaxoTV

Coleman: Selling EURJPY as signals point lower

379 views
January 19, 2016 curencies, currency, eur, eurgbp, eurjpy, eurjpy price, eurjpy price', eurjpy pricee, eurjpy resistance, euro, euro area, euro dollar, euro zone, eurodollar, europa, europe, european, european central bank, european economy, european union, eurozone, eurozone crisis, eurozone economy, eurusd, for, ford, forecast, foreign exchange, foreign exchange market, foreign exchange strategy, foreignexchange, forex, forex 2014, forex 2014 outlook, forex 2015, forex 2015 outlook, forex and more, forex aud, forex audusd, forex audusd short, forex buying, forex eurjpy, forex eurusd, forex exchange, forex gbpusd, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex selling, forex strategy, forex trade idea, forex trade ideas, forex trading, forex trading 2014, forex trading 2015, forextrading, formación, forward guidance, fx, fx awardf, fx crosses, fx forex, fx interbank markets, fx interbank marketsf, fx investing, fx market, fx markets, fx options, fx saxo bank, fx spot, fx strategy, fx trade, fx trade idea, fx traders, fx trades, fx trading, fx volatility, fxmarkets, pairs, saxo bank, saxo tv, tradingfloor.com, xau, xauusdf, xauusdfxf
Ian Coleman has charted a EURJPY trade with a small inside Harami candle appearing medium-term and long-term looking for a break lower. An AB=CD formation targets 117.50. 
With USDJPY breaking a Head and Shoulders pattern to the downside and term mixed trading for last 9 days, Ian sees symmetrical triangle pattern with all signals focussed on lower levels. 
Trend of lower highs at 128.55
Bespoke resistance at 128.46
Selling at 128.46
Target: 127.50
Intraday stop: 128.86