EURJPY is trading in a ascending triangle and price is likely to reach the support zone (130). Two possibilities here;
(a) The support zone will be reactive for the bulls and 130 area will be a good buy zone. We expect price will break the falling trendline as well.
(b) The support zone will be a good point for the bears and they can fake the bulls and price will drop sharply after that.
Trade your levels accordingly.
(a) The support zone will be reactive for the bulls and 130 area will be a good buy zone. We expect price will break the falling trendline as well.
(b) The support zone will be a good point for the bears and they can fake the bulls and price will drop sharply after that.
Trade your levels accordingly.
