EURJPY Continuation Play

EURJPY has been trading in a range between 157.139 and 159.336 since early August. Earlier this week, price finally broke below the lower range boundary and it looks like price will remain below it.

I currently have a bearish sentiment. Although price may take a pause post-breakout, I anticipate continuation to the downside will remain likely as this reversal is underway.
analysisbreakoutCandlestick AnalysisdaytradingEURJPYForexMultiple Time Frame AnalysispriceactionreversalSupport and Resistancetrading

Also on:

Disclaimer