EURJPY -
Bullish on a weekly time-frame
Symmetrical Triangle
Long Term trend-line support
Expect the price to bounce from current levels (118) to the Horizontal Resistance (124).
Scenario 1 - Price breaks above 124 and reaches 128
Scenario 2 - Price fails to break above 124 and falls back to support 116
Note - Self-Educational analysis
Bullish on a weekly time-frame
Symmetrical Triangle
Long Term trend-line support
Expect the price to bounce from current levels (118) to the Horizontal Resistance (124).
Scenario 1 - Price breaks above 124 and reaches 128
Scenario 2 - Price fails to break above 124 and falls back to support 116
Note - Self-Educational analysis
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.