EURJPY broke bullish trend line and candles closed below trend line.
Price dropped to 130.584 support level. Currently price is retesting the trend line.
If price breaks trend line to upside, pair will continue bullish trend.
However, so far market is unable to break the trend lien, and could possibly drop to 0.38 Fibonacci level.
I will be analyzing market on smaller time frame for entry.
If price shows bearish pressure I will put sell trade and my target will be 129.378, 0.38 fib level.
Price dropped to 130.584 support level. Currently price is retesting the trend line.
If price breaks trend line to upside, pair will continue bullish trend.
However, so far market is unable to break the trend lien, and could possibly drop to 0.38 Fibonacci level.
I will be analyzing market on smaller time frame for entry.
If price shows bearish pressure I will put sell trade and my target will be 129.378, 0.38 fib level.