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RLinda
Aug 29, 2022 6:32 AM

RLinda ! EURJPY -> trend change. What will happen next? Long

Euro Fx/Japanese YenFXCM

Description

EURJPY is forming a global trend change. The price breaks the descending price channel in the resistance zone, breaks the line and breaks the resistance level of 137.55, which becomes support.

I have outlined the formation of an uptrend channel in which I believe price can continue its movement.

I assume that the price can make a pullback to support 137.55 and test the level, and then continue its growth. It is near the support level that we should look for an entry point. The short-term target is resistance 139.48.

Regards to R.Linda!
Comments
DemoDiaryFX_Trading
great job with this setup, my take is mainly bullish as well
JustTradeSignals

We will be bullish once the resistance is broken out. Good work Mate.
HAMED_AZ
Good job
AkhiPrajapati
thanks for sharing
PaulMartind7
well put together my Mexican Allie
YourLazyTrader
Your charts are very informative. Thanks for sharing :)
pauloak47
Nice 💯
Tradersweekly
Thank you, RLinda, for the EURJPY analysis.
orimichaeli
Fake breakout.
melikatrader94
i am agree, good work linda
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