Get started
Fx_Trader_ViSa

EURJPY At Trend Reversal Point.

Euro / Japanese Yen (FX:EURJPY)  
Fx_Trader_ViSa  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns EURJPY eurjpyanalysis euro dollar Forex forexanalysis forexsignals forextrading
6
0
trendanalysis harmonicpatterns chartpattern eurjpy eurjpyanalysis euro dollar forex forexanalysis forexsignals forextrading
EURJPY is trading in descending channel pattern as long term trend. After touching the support line of the descending channel pattern, it is trading in a rising wedge pattern. Now, the price level is trading near the resistance line of descending channel pattern, also at the resistance of rising wedge pattern, so according to chart pattern, we think we might see a trend reversal in EURJPY on downside soon. If it breaks out of the resistance line of descending channel pattern with good confirmation new trend might start in EURJPY.

Note - Trade With Proper Risk Management System

Thanks
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.