Description
⋅ The currency pair EURJPY is in downtrend form many days,
the reason is partly because of the drop in the EUR and a rise in JPY.
Now we see 4 resistance from downtrend, horizontal level, fibo and so on.
But also there is forming a new trend in the border of old one!
We see a bottom around 116.00, after that the price forming a top around 119,70,
The next bottom is higher from previous, and the next top too.
This is first indication when the new trend is forming!
Who will win?