Right now things are technically burning as the pair is trading at the upper triangle line and close to the lower support line. Should it break the resistance at 136.85-137 I'm ready to go long for 147 before the beginning of December.
On the other hand, if the pair retreats to the support line this would also be a buy opportunity at around 134.50. If it breaks this support, it may try to go as low as 129.50.
Chart: EURJPY D1
Consolidation continues for now.
ReplyDeleteThanks for such an informative analysis.
ReplyDeleteInformative post, thank you.
ReplyDeleteExcellent Analysis! Thanks.
ReplyDeleteThe trend is still bullish.
ReplyDeleteVery informative article, thanks!
ReplyDeleteExcellent analysis.
ReplyDelete