EURJPY could potentially break out of the inner channel (2) and continue up trend to outer channel (1) top before reversing. Watch for EMA 50 // 200 narrowing, and quick RSI rise: this could mean it's losing strength to continue punching through the inner channel resistance (which is relatively weak on the h4).
Good luck trading EURJPY
Good luck trading EURJPY
Note
I had underestimated the inner channel resistances, sorry!
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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.