EURJPY has been trading in a bullish parallel channel and current price is trading at important support level of channel. On shorter term, this is the sideways before the next move;
a) A bullish breakout from the recent high will calls for long position.
b) The sideways move will likely to be distribution and price will fall from here 134.800 level.
Trade your levels accordingly.
a) A bullish breakout from the recent high will calls for long position.
b) The sideways move will likely to be distribution and price will fall from here 134.800 level.
Trade your levels accordingly.
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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.