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UnknownUnicorn468659

EURJPY might make it to top of outer channel and reach ~124.400

Euro / Japanese Yen (FX:EURJPY)  
UnknownUnicorn468659 Updated   
FX:EURJPY   Euro / Japanese Yen
Parallel Channel
4
1
parallelchannel
EURJPY could potentially break out of the inner channel (2) and continue up trend to outer channel (1) top before reversing. Watch for EMA 50 // 200 narrowing, and quick RSI rise: this could mean it's losing strength to continue punching through the inner channel resistance (which is relatively weak on the h4).

Good luck trading EURJPY
Comment:
I had underestimated the inner channel resistances, sorry!

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