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?
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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✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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.