EURJPY outlook
EURJPY is in a descending channel and the price is at a discount level for a small retracement. If the price drops below 128.269 it is likely to drop further to take out liquidity below.
Watch the descending trend line. A bounce from here could result in a retest of the descending channel trend line (blue).
Watch the descending trend line. A bounce from here could result in a retest of the descending channel trend line (blue).
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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.