eurjpy beginning for long term short

10 Des 2016

with the seeming weakness of the euro. There seems to be an engulfing nature to the high and then breakdown to the downside here on this recent swing down on eurjpy. If a 61.8 retracement can fullfill itself to the upside it could provide a solid area to enter at with a stop at the high and a potential start for a big move to the downside (if the continuing euro weakness maintains or becomes more strong in the coming year)