Get started
Euro / Japanese Yen
Long

EURJPY: Sideways Market & Consolidation

By VasilyTrader
Updated
snapshot

From the beginning of March, EURJPY is stuck within a horizontal trading range.

129.6 is its resistance
128.8 is its support

To catch the next swing move, wait for the breakout:

Bullish violation of range's resistance will push the market to retest a current structure high 129.9

Bearish violation of range's support will lead to a local trend reversal and highly probable bearish continuation to the next support 128.35

Wait for the breakout & follow the market.
Note
Check my new analysis on EURCAD:
EURCAD: Trading Opportunity for US Session
Chart PatternsEUREURJPYeuroForexjapaneseyenjpyTechnical AnalysistradingTrend AnalysisWave Analysisyen
VasilyTrader
✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

💰Instagram: instagram.com/VasilyTrader/ 💰

✅Facebook: facebook.com/VasilyTrading/ ✅
Also on:

Related publications

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.