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right shoulder of a classical [head & shoulders] pattern is in
progress, as the European currency versus Japanese yen is developing
consecutive bearish candlesticks pattern as shown on the above
four-hour chart. AROON up is moving below 30.00 zones while AROON down
has already overlapped it, reviving that the bearishness will be in
favor on the intraday basis.
Trading range for today is among key support at 134.15 and key resistance now at 140.95.
The general trend is to the downside as far as 141.44 remains intact with targets at 100.00 followed by 88.97 levels.