EUR/JPY Head and Shoulders...

Hello Traders

Well, we are on a roll here.  The potential EUR/JPY Head and Shoulders confirmed, and executed itself perfectly.  We may not have seen the entire move, however, as we did not see a move all the way down to the 131 level, but within 45 pips or so. We may still yet see some more downside action for the EUR/JPY and GBP/JPY. The US markets continue to be weak, and upon a sell-off, these currency pairs will show weakness as well.

Back later with more updates.

I hope a few of you nailed that trade!

Happy Trading...