EURJPY Forms Rare Reversal, Aiming For Price Gap??

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EURJPY Forms Rare Reversal, Aiming For Price Gap??Euro/Japanese YenFX:EURJPYNovi_FibonacciEURJPY has formed a rare Reversal Pattern, the Three Drives Pattern, lets break it down! The Three Drives Pattern consists of 3 Bullish attempts to continue pushing price higher. The 3rd attempt is a Fibonacci Extension of the DE Leg giving us Point F where Price, encountering Resistance at the 138.2% Extension @ 180.008, should reverse and head lower! We can see starting the week that EURJPY is opening below this level and if Price is unable to move higher, we can expect it to fall from here! When it does, there is a big Price Gap in the 174.712 - 173.249 Range to fill with the Low or Point A being the next line of support @ 172.260 being the Price Target! This could generate a great Short Opportunity!