EURJPY: Sideways Market & Consolidation
Updated
From the beginning of March, EURJPY is stuck within a horizontal trading range.
129.6 is its resistance
128.8 is its support
To catch the next swing move, wait for the breakout:
Bullish violation of range's resistance will push the market to retest a current structure high 129.9
Bearish violation of range's support will lead to a local trend reversal and highly probable bearish continuation to the next support 128.35
Wait for the breakout & follow the market.
Comment
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