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TheFXAngel

EURJPY ANALYSIS - Bullish signs! [26th December 2019]

Long
Euro / Yen giapponese (OANDA:EURJPY)  
TheFXAngel  
OANDA:EURJPY   Euro / Yen giapponese
Support and Resistance Trend Analysis Wedge Forex forexsignals forextrading EURJPY eurjpylong forextradingzones forexanalysis
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EURJPY

- We are in an exhaustion phase.
- We are in an ascending formation (bearish bias).
- The current long-term bias is bearish.
- The current med-term bias is bullish.
- We trade med-term so we are looking for bullish setups.

*** We are now coming into a support level. Previously, bulls have showed a lot of strength in this ascending formation, with a new higher trend line forming.
This means that we can expect a possible upside movement from this pair following a break of recent lows. [/b

Keep an eye out! - TheFXAngel

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