Bearish Signs Point to Falling EUR/JPY

It has been a while since I have posted to my blog. I hope you have been profiting in the New Year with the nice volatility. Tonight's analysis points to continuing unwinding of the Yen carry trade, as bearish signs indicate the EUR/JPY is about to lose support around 160.50 with 157.38 to come.

First let's look at the "Amazing Stealth Forex Trading System" Click Here! to check this system out.

Here we see a bearish triangle formation and both the stealth indicators showing bearish signals. The triangle formation is classical technical analysis that applies to equities, currencies, etc. The proprietary "Amazing Stealth Forex Trading System" (Click Here! to check this system out)
indicators show RED and YELLOW signals as seen along the bottom of the chart.

Now let's look at the J-Chart:


Here for the EUR/JPY forex pair we see the 500 day balance point at 163.35. The foreign exchange pair has been trading lower, heading to the cave indicated by the green rectangle. Any of the Red lines can be used as stops depending on your risk strategy, and the targets lying below for the FX pair of the EUR/JPY are shown in green.

Enjoy and remember to be grateful for the opportunity to serve your fellow man through facilitating the world economy.