EURJPY
Tools: Tools:
- Trend
- S/R Line
Tools:
- Trendline
- S/R Line
I think EURJPY as gotten to a supply zone and we should wait patient for the bullish momentum to set in. A break above the price level 117.25 will see it bullish. Also we can notice that the price has changed from making HH and HL to LH and LL. And finally, we can see the formation of Falling wedge pattern playing out which signals a bullish momentum.
Let's hope before the close of market this week if price can break above 117.25. I will provide update on this as time goes on.... Cheers!
NB: **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.