EURJPY - Ascending Channel Continuation
By observing the lower timeframe we can see EURJPY has been consolidating over the past week, ranging from around the 119.800 - 120.400 level, in line with the lower trendline of the ascending channel observed on D1.
Today we see a breakout and retest from the upside of the range. Stability in the Euro following Brexit should hopefully give EJ the headway it needs to push upward.
We could see a potential 300+ pip rise to the upper trendline of the ascending channel should the bullish momentum continue.
Today we see a breakout and retest from the upside of the range. Stability in the Euro following Brexit should hopefully give EJ the headway it needs to push upward.
We could see a potential 300+ pip rise to the upper trendline of the ascending channel should the bullish momentum continue.
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.