EURJPY is correcting after a strong bullish move last week.
The price is steadily falling within a falling parallel channel - bullish flag pattern.
Now the price is approaching a yellow strong horizontal support.
IF the price violates the resistance of the flag, for us it will be a strong bullish signal
and bullish continuation will be expected.
Potential goals:
129.3
129.8
In case of a bearish breakout of yellow support, setup will be invalid!
Note
Check my new analysis on EURNZD: 
Trade closed: target reached
T1 reached
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.