EURJPY: Consolidation & Complete Indecision 🇪🇺🇯🇵
https://www.tradingview.com/x/r9w6yjqz/
EURJPY is currently trading within a narrow horizontal range on a daily.
Depending on the side of a breakout, I see 2 potential scenarios.
Bullish Scenario
If the price breaks and closes above 159.5 resistance on a daliy,
I will expect a bullish movement at least to 160.5 level.
Bearish Scenario
If the market violates 157.4 support and closes below that,
a bearish movement will be anticipated to 156.1 level.
As always, breakout is the best confirmation,
so wait patiently for that.
❤️Please, support my work with like, thank you!❤️
EURJPY is currently trading within a narrow horizontal range on a daily.
Depending on the side of a breakout, I see 2 potential scenarios.
Bullish Scenario
If the price breaks and closes above 159.5 resistance on a daliy,
I will expect a bullish movement at least to 160.5 level.
Bearish Scenario
If the market violates 157.4 support and closes below that,
a bearish movement will be anticipated to 156.1 level.
As always, breakout is the best confirmation,
so wait patiently for that.
❤️Please, support my work with like, thank you!❤️
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