Yearn-Forex

Expecting more downside now that support is broken

Short
OANDA:EURJPY   Euro / Japanese Yen
After multiple tests at the 129.65 support zone, the market has finally broken through.
I was expecting this break because with each test of the support zone, less buyers were present.
Its clear on the 4 hour as well that each test of support causes a smaller bullish reaction than previous.
I'm expecting the markets to run until the next support level at 128.4.
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.