AaronLeggett

EURJPY Long at 134.400

FX_IDC:EURJPY   Euro / Japanese Yen
Some good support and resistance technical levels with an ascending channel formed with three highers highs and three higher lows.

The triangle which started formation in January recently broke out but met resistance at the current ascending channel. Therefore, we should see a bullish bounce either at the next support level or at the triangle cradle; where there would be major confluence and support between the channel, the cloud and the cradle itself.
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.