Will EUR/JPY continue it's bearish trend after festive season ?

16 dic 2019

The end structure of correction on bearish trend, time frame daily signaled by the strong rejection at retracement 50 time frame weekly. As the first press conference previous week from ECB's president there is no signal yet, either hawkish or dovish however the target inflation still not achieved yet and there might be no big probability of increment interest rate. If the breakout happen and breaks the down trendline on time frame daily, the possibility of reversal may happen otherwise may fall to the next support level and form a double bottom (area retracement 77.6). EURJPY