Coleman: Sell signals in EURJPY

EURJPY has formed a Head and Shoulders pattern on the intraday chart and technical signals are indicating a downward shift. Ian Coleman from First 4 Trading notes that trading has been mixed, but buyers have entered the market on dips below . Ian is using this level as a gauge for the neckline of the pattern and is looking to sell into the right shoulder of the formation. He has identified a sell zone between , the previous swing high, and , the intraday 261.8% extension level. Ian