From the beginning of March, EURJPY is stuck within a horizontal trading range.
129.6 is its resistance
128.8 is its support
To catch the next swing move, wait for the breakout:
Bullish violation of range's resistance will push the market to retest a current structure high 129.9
Bearish violation of range's support will lead to a local trend reversal and highly probable bearish continuation to the next support 128.35
Wait for the breakout & follow the market.
Comment:
Check my new analysis on EURCAD:
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel www.youtube.com/c/VasilyTrader
💰Instagram: www.instagram.com/VasilyTrader/ 💰
✅Facebook: www.facebook.com/VasilyTrading/ ✅
❗️YouTube Channel www.youtube.com/c/VasilyTrader
💰Instagram: www.instagram.com/VasilyTrader/ 💰
✅Facebook: www.facebook.com/VasilyTrading/ ✅