While EURJPY is above the diagonal trendline, it is most probable price will rise, breaking the recent double top, towards 127.650
If EURJPY is below the diagonal trendline, expect price to retest support at 124.300
- Probable GBPUSD breaks to the downside.
- Descending triangle
- Bearish divergence on stochastics (lower highs on stochastics vs higher lows on candles)
There are 2 main potential trade setups:
1) On break of the small uptrend line, targeting the bottom area of the triangle
2) On break of the descending triangle, targeting next...