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Coleman: Selling EURJPY as signals point lower

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

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01:28 minutes
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