EURJPY: Bearish Forecast Explained 🇪🇺🇯🇵

By VasilyTrader
Updated
https://www.tradingview.com/x/VEricd3p/

After a test of a confluence zone based on a daily horizontal resistance and 318 retracement of the major bearish impulse, EURJPY dropped and violated a support line of a rising wedge pattern on an hourly time frame.

It is an important bearish confirmation.
We may see a bearish movement to 156.2 / 155.5 soon.

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Trade closed: target reached
EUReuroForexjapaneseyenjpyMultiple Time Frame AnalysisTechnical AnalysistradingTrend LinesWedge
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