Monthly overview, we are on the middle of the range here with support at 123.8-9. Price had bounced there twice last week and is now consolidated in vague descending triangle pattern with height of 1000 points.
if it breaks 123.9 we would see price go down to 122.8-123.0,
if it breaks up, expect selling pressure to continue at 125.4-5
Looking at
DAX below, the uptrend line in 4hr timeframe has broken and price has been trying to get back above the trend line.Now wait for confirmation either
EURJPY break up or down, keep an eye on DAXNote
Price has reached 125.5 and now consolidating in symmetrical triangle pattern
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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.