EURJPY ! Descending channel. Price is in the resistance zone🐻
EURJPY forms a breakout of the ascending price channel and a test of the lower boundary during the correction. The price is forming a downward price channel and at the moment is trading under the resistance zone.
On the chart I marked the key zones, I believe that since the price from the resistance zone forms a downward movement and reversal set-up, we have the prerequisites for a further decline.
I assume that after the false breakdown the price will consolidate under the level of 137.55 and will continue to fall to the support 134.7. The medium-term target is the support zone 132.63
Regards to R. Linda!
On the chart I marked the key zones, I believe that since the price from the resistance zone forms a downward movement and reversal set-up, we have the prerequisites for a further decline.
I assume that after the false breakdown the price will consolidate under the level of 137.55 and will continue to fall to the support 134.7. The medium-term target is the support zone 132.63
Regards to R. Linda!
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NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
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🔴Contact:
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🧿Web: rlinda.com
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