$EURJPY Breakout expected
On 
EURJPY this week, price is still in an uptrend with it topping out so far at $131.40. I’m looking for price to continue to stay in that uptrend as see a retest of a new daily downwards sloping trendline. Price is below that trendline so be mindful of it this week and the resistance area the coincides with it which could be a nice area for price to start a new downtrend if it does hold. In my book, it’s a little too early to be looking for the downtrend just yet. Yes price has spent the past few months around in this zone but it hasn’t told me yet that it’s going down just yet. Overall, I’m looking for to retest supply this coming week at 130.60 up to 131.40 as we are still in an uptrend and that area is the top of the range that price has been in. This analysis really kinda seems a lot like that of the price action on the EURUSD pair as well.
EURJPY this week, price is still in an uptrend with it topping out so far at $131.40. I’m looking for price to continue to stay in that uptrend as see a retest of a new daily downwards sloping trendline. Price is below that trendline so be mindful of it this week and the resistance area the coincides with it which could be a nice area for price to start a new downtrend if it does hold. In my book, it’s a little too early to be looking for the downtrend just yet. Yes price has spent the past few months around in this zone but it hasn’t told me yet that it’s going down just yet. Overall, I’m looking for to retest supply this coming week at 130.60 up to 131.40 as we are still in an uptrend and that area is the top of the range that price has been in. This analysis really kinda seems a lot like that of the price action on the EURUSD pair as well. 
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