EUR/JPY Technical analysis
The 4-hour chart of EUR/JPY formed a double top pattern and made a strong sell off.
Now it currently retesting the support of the double top pattern.
The chart is also forming a up channel which could be interpreted as bearish flag too.
As per our analysis,the counter is trading around multiple resistance zones and a strong selling pressure could be experienced.
On the contrary,if it breaks the resistance zone it could head towards the next resistance of 130.337.
Now it currently retesting the support of the double top pattern.
The chart is also forming a up channel which could be interpreted as bearish flag too.
As per our analysis,the counter is trading around multiple resistance zones and a strong selling pressure could be experienced.
On the contrary,if it breaks the resistance zone it could head towards the next resistance of 130.337.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.