135.77 Long Target Hit

28 May 2015

EUR/JPY shot straight up overnight and hit our 135.77 long target, to reach the apex of the right shoulder build for our Head and Shoulders Pattern. We are short, looking for pullback to 50% to 61.8% fib levels.

Also note CCI line cracked to the downside as price is consolidating sideways.

Short Target 1: 134.50
Short Target 2: 134.20