Euro / Japanese YenShort
EURJPY: Important Breakout
We spotted a clear bearish breakout on EURJPY.
The price has dropped below a significant daily support cluster after breaking out of a bearish wedge pattern.
Upon retesting the broken structure, there has been a strong bearish response.
I anticipate that the downward trend will persist. The next support level to watch for is at 162.19.
The price has dropped below a significant daily support cluster after breaking out of a bearish wedge pattern.
Upon retesting the broken structure, there has been a strong bearish response.
I anticipate that the downward trend will persist. The next support level to watch for is at 162.19.
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