Analysis by: Forex Royals
Currency: EUR/JPY
Trend Expected Direction: Downtrend
Strategy : Butterfly Pattern
Description: As we can notice, the market created a possible Bearish Butterfly Pattern where D is the highest rate at 99.17 . we suggest a good selling within the range 99.20-99.50.
Target Area: The ideal target area is between 38.2% and 50% Fibonacci levels 98.30
Stop Loss: 100.80, for now.
