RLinda ! EURJPY -> trend change. What will happen next?
EURJPY is forming a global trend change. The price breaks the descending price channel in the resistance zone, breaks the line and breaks the resistance level of 137.55, which becomes support.
I have outlined the formation of an uptrend channel in which I believe price can continue its movement.
I assume that the price can make a pullback to support 137.55 and test the level, and then continue its growth. It is near the support level that we should look for an entry point. The short-term target is resistance 139.48.
Regards to R.Linda!
I have outlined the formation of an uptrend channel in which I believe price can continue its movement.
I assume that the price can make a pullback to support 137.55 and test the level, and then continue its growth. It is near the support level that we should look for an entry point. The short-term target is resistance 139.48.
Regards to R.Linda!
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