VIP_Trading_Technologies

resistance trendline to keep EUR lower

FX:EURJPY   Euro / Japanese Yen
We have a possible HS pattern and a resistance trendline from the previous high that could keep price falling in spite of the recent recovery.

Unless we close above previous peak and above the resistance trendline I would consider same bearish scenario.

A gentle reminder: we are still trading inside an ascending channel though!
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.