Today we have very interesting formation for
EURJPY
First of all we have potential gartley pattern, completion right at the strong resist zone @136.10.
The second option is very interesting. We have a triangle in which price struggles to break the support but finds it hard.
Here is what I think: If price breaks the triangle it is more likely to go low and find resistance in the red zone, consolidate little bit or make a pullback and go back to zone again. If price breaks this support we should be looking the price to go even lower.
Have a nice day.
EURJPY
First of all we have potential gartley pattern, completion right at the strong resist zone @136.10.
The second option is very interesting. We have a triangle in which price struggles to break the support but finds it hard.
Here is what I think: If price breaks the triangle it is more likely to go low and find resistance in the red zone, consolidate little bit or make a pullback and go back to zone again. If price breaks this support we should be looking the price to go even lower.
Have a nice day.
