Looks like the untrustworthy and unstable uptrend of Europe (EUR) is finally getting a burn of the Japanese dragon (JPY).
The pair kept throwing uprising tantrums channel on H1 right from the beginning violating the barriers both support and resistance and has now finally broke out from the support of its drunkard movement.
I do expect a head and shoulders formation and a further drop thereof.(I STAND TO BE CORRECTED)
Do trade this pair with high caution, it is highly risky and untrustworthy.
The pair kept throwing uprising tantrums channel on H1 right from the beginning violating the barriers both support and resistance and has now finally broke out from the support of its drunkard movement.
I do expect a head and shoulders formation and a further drop thereof.(I STAND TO BE CORRECTED)
Do trade this pair with high caution, it is highly risky and untrustworthy.
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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.