EURJPY is currently trading within a narrow horizontal range on a daily.
Depending on the side of a breakout, I see 2 potential scenarios.
Bullish Scenario
If the price breaks and closes above 159.5 resistance on a daliy,
I will expect a bullish movement at least to 160.5 level.
Bearish Scenario
If the market violates 157.4 support and closes below that,
a bearish movement will be anticipated to 156.1 level.
As always, breakout is the best confirmation,
so wait patiently for that.
❤️Please, support my work with like, thank you!❤️
✅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/ ✅