EUR/JPY ascending Regression Channel expanded lower (Nikita FX)
After EUR/JPY's breakout thru its triangle (R is triangle upper line), P line is now a Big Resistance.
Therefore it plunged down to R line (even lower little bit, but within the triangle), and ascending
Regression Channel bottom line was expanded ( now S2 is the Channel bottom). As far as maintaining
this Channel, EUR/JPY is still going upward (Weekly closing is now triangle breakout anyway ! ).
Q is now a minor Resistance, so it should break thru Q & P. This Chart will suggest that EUR/USD is
also heading for upward in near future.
Nikita FX (climbingfx.jugem.jp/ )
Therefore it plunged down to R line (even lower little bit, but within the triangle), and ascending
Regression Channel bottom line was expanded ( now S2 is the Channel bottom). As far as maintaining
this Channel, EUR/JPY is still going upward (Weekly closing is now triangle breakout anyway ! ).
Q is now a minor Resistance, so it should break thru Q & P. This Chart will suggest that EUR/USD is
also heading for upward in near future.
Nikita FX (climbingfx.jugem.jp/ )
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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.