Eurjpy downtrend
EURJPY
The price perfectly fulfills my last idea. The market made an fake break of the the ascending channel at the resistance. It is moving towards main support at 149.000. Overall it is in uptrend but the market bounced off the daily resistance. Price action formed a long tailed bar which is level rejection. I expect breakout of the channel then retest the recent support level. My goal is support 149.250
The price perfectly fulfills my last idea. The market made an fake break of the the ascending channel at the resistance. It is moving towards main support at 149.000. Overall it is in uptrend but the market bounced off the daily resistance. Price action formed a long tailed bar which is level rejection. I expect breakout of the channel then retest the recent support level. My goal is support 149.250
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