ForexTrendline

EUR/JPY Are 4 resistances enough?

OANDA:EURJPY   Euro / Iene Japonês
The currency pair EURJPY is in downtrend form many days,
the reason is partly because of the drop in the EUR and a rise in JPY.

Now we see 4 resistance from downtrend, horizontal level, fibo and so on.
But also there is forming a new trend in the border of old one!

We see a bottom around 116.00, after that the price forming a top around 119,70,
The next bottom is higher from previous, and the next top too.

This is first indication when the new trend is forming!

Who will win?

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