Eri_X

Possible breakdown EUR/JPY

OANDA:EURJPY   Euro / Japanese Yen
Strong support at 116 value, much weaker the current one that the trend is fighting with. The possibilities could be 2. The price is rejected, so it will retest the resistance of the current downtrend (in light blue), or the price will break down, till the previous support (circled in green). Is easy to take a chance on this one. If it goes up, is up, if down is down. But nothing is for sure.
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.