IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
IF WE ;OOK AT THE CHART WE NOTICE THAT SINCE LAST AGUST, THE TWO CURRENCY PAIRS HAVE A POSITIVE RELATIONSHIP, AND ALTHOUGH THEY ARE IN DOWNTREND THERE IS A HEAD AND SHOULDERS PATTERN THAT APPEARED UNUSUALLY DURING THE DOWN TREND . WHICH MEANS CONTINUATION OF THE DOWNTREND , MIGHT BE NEARING ITS END
ALSO NOTICE THE PULLBACK IN BOTH CURRENCY PAIRS ARE FAILED
I DO THINK THE DOWNSIDE TARGET FOR USD/JPY AT 104 IS DONE, WHILE EUR/JPY TO THE DOWNSIIDE AT 120 IS STILL UNACCOMPLISHED
