From the beginning of March, EURJPY is stuck within a horizontal trading range.
129.6 is its resistance
128.8 is its support
To catch the next swing move, wait for the breakout:
Bullish violation of range's resistance will push the market to retest a current structure high 129.9
Bearish violation of range's support will lead to a local trend reversal and highly probable bearish continuation to the next support 128.35
Wait for the breakout & follow the market.
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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.