EURJPY Long
The price has completed the retracement after breaking the last Lower High.
From now on we should with high probability expect the price to rally back up to the last swing high of $161.2 and see if it can break it before making another Higher Higher from there.
But before that, there are two significant OBs on the way up that the price can face significant selling pressure from. We need to watch those zones closely.
From now on we should with high probability expect the price to rally back up to the last swing high of $161.2 and see if it can break it before making another Higher Higher from there.
But before that, there are two significant OBs on the way up that the price can face significant selling pressure from. We need to watch those zones closely.
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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.