EURJPY has been in a continuous uptrend since the beginning of the year, with a recent 3-hit resistance being broken. The price has found its previous support at the 61.8% fibonacci level and now we have to wait for a retest of the newly formed support, former resistance.
Comment:
The price has made its way back to the zone and, if it does not create a lower low, we could expect a move upwards.
Order cancelled:
Lower low created