EURJPY - PRESSURE BUILDING BETWEEN BUYERS AND SELLERS
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Pressure continues to build between buyers and sellers. At the moment, it appears that we'll likely be seeing yet another re-test of the ascending trendline. In this case, it'll be the fourth one, and generally it's rare to see more than four touches with so much space in-between. Of course, that is not to say that it won't bounce off and go for another trip to the upside. Either way we'll likely be seeing some good moves by this pair in upcoming weeks.
Pressure continues to build between buyers and sellers. At the moment, it appears that we'll likely be seeing yet another re-test of the ascending trendline. In this case, it'll be the fourth one, and generally it's rare to see more than four touches with so much space in-between. Of course, that is not to say that it won't bounce off and go for another trip to the upside. Either way we'll likely be seeing some good moves by this pair in upcoming weeks.
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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.