Razvan

EURJPY - Bullish or Bearish, Challenging

FX:EURJPY   Euro / Japanese Yen
147 1 5
The price drew lots of lower lows, but it is still challenging to pin point which the direction will be. I tend to believe in a down move. A break and close, 60 minute time frame, below 134.50 would be a good signal for a bearish move. A false break below this local support and a rally above the upper line of the Pennant would be a strong bullish signal.
Trade closed: stop reached
Price broke above upper line!
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