EUR/JPY - Sticking out nail be hammered.

Hi, today we are going to talk about EUR JPY and its current landscape.

We observe that the EUR/JPY is moving sideways at the bottom of a descending channel, which may bring the accumulation of energy needed to the Bears made a breakout. If there is an attempt from the Bulls react at this level, probably the price will look into the top of the channel and will maintain itself inside of the expected price range.

Thank you for reading and leave your comments if you like.

Trade closed: target reached:

bullish target reached!