EURJPY Long term analysis
Updated
Breakdown since July 2019 is still confirmed. As long as the price does't break up the ascending blu trend line, it should keep falling toward the red longer term trend-line.
Note
Prices moved up and are now retesting the broken blu ascending trendline. It's a strong resistance and if broken upside may bring values up to 131. Still bearish overall beside the blu line is strongly broken upside.Note
Prices are again below the blue line but overall grinding higher toward the end of the wedge at around 127ish. That level will be explosive and bring prices strongly toward the upper or lower end of the channel (red lines).
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