The eurjpy pair rallied bullishly to test the resistance from my previous analysis.
Bulls couldn't break above it and the price rebounded bearishly.
The repeated closings below 138.288 and the trendline resistance suggest the downtrend will resume in the coming week.
Note:
Price has formed a head and shoulder reversal pattern on H1 tf reinforcing the bearish scenario.
Bulls couldn't break above it and the price rebounded bearishly.
The repeated closings below 138.288 and the trendline resistance suggest the downtrend will resume in the coming week.
Note:
Price has formed a head and shoulder reversal pattern on H1 tf reinforcing the bearish scenario.
Note
Target 1 reached
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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.