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michaelronnfeldt

EURJPY - Slowly back up to 124 before the drop to close the wick

Euro / Japanese Yen (FX:EURJPY)  
michaelronnfeldt  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis
7
0
trendanalysis
After a few good rejections in the low 121 range, we're going up again. I'm expecting a repeat of the 2019 ascending channel before the drop. Intraday you can look to buy any pullbacks towards 124. A 3rd touch of the upper channel (blue) with a rejection will encourage me to short this pair with a TP of around 122 and TP2 or 120.
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