EURJPY_1D_Sell_Buy
Updated
I am thinking about two cases.
1st, the support zone which now is a double bottom will not be broken and after hitting it, the pair will make an uptrend toward the resistance zone (upper line of the green channel).
The 2nd chance is that the pair will break the support zone and decrease further toward 122.5 support zone.
I believe that the first idea is more feasible, because I see that EUR has a potential to move upward against other currencies.
1st, the support zone which now is a double bottom will not be broken and after hitting it, the pair will make an uptrend toward the resistance zone (upper line of the green channel).
The 2nd chance is that the pair will break the support zone and decrease further toward 122.5 support zone.
I believe that the first idea is more feasible, because I see that EUR has a potential to move upward against other currencies.
Trade closed: target reached
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