Trend: Long term bearish
Structure: Support and resistance
Plan: We have seen EURJPY breakout off the bearish trend and retest a point of support multiple times.
We can expect price to bounce off of the lower support level and move to previous highs.
MACD looks as if it may confirm, do not enter if it has not.
Structure: Support and resistance
Plan: We have seen EURJPY breakout off the bearish trend and retest a point of support multiple times.
We can expect price to bounce off of the lower support level and move to previous highs.
MACD looks as if it may confirm, do not enter if it has not.
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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.