EURJPY: Sideways Market & Consolidation

Long

Euro / Yen Japonais (FX:EURJPY)

Mis à jour

FX:EURJPY Euro / Yen Japonais

trendanalysis chartpattern waveanalysis euro yen japaneseyen jpy eur eurjpy forex trading technicalanalysis

From the beginning of March, EURJPY is stuck within a horizontal trading range.

129.6 is its resistance
128.8 is its support

To catch the next swing move, wait for the breakout:

Bullish violation of range's resistance will push the market to retest a current structure high 129.9

Bearish violation of range's support will lead to a local trend reversal and highly probable bearish continuation to the next support 128.35

Wait for the breakout & follow the market.

Commentaire:

Check my new analysis on EURCAD:

EURCAD: Trading Opportunity for US Session

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