EURJPYEURJPY is currently in a long-term exhaustion phase, from a strong bearish dominance.
This means we are in a med-term bullish phase, meaning we are looking for bullish trades.
Currently, price is travelling from crucial support to dynamic resistance.
This trade is just a little piece in that long-term bullish puzzle.
I will be watching price action for a rebound of this fresh downward wedge breakout, to go long to the +27% Fib level.
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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.