EUR/JPY D1 - Trying to go up - Pattern projection
Updated
It’s have been a good rally for this pair and now it wants to get higher but looks that there is not enough fuel, even though there is a bull divergence and a reversal pattern present, the resistance at 129.81 could be strong.
Bear divergence suggest that the price will back a little bit down and probably to form a bullish pattern in days ahead. For now, there could be possibilities to enter short in lower TF’s
Bear divergence suggest that the price will back a little bit down and probably to form a bullish pattern in days ahead. For now, there could be possibilities to enter short in lower TF’s
Note
Well, looks like the rally continue after BOJ comment about to cut rates "if necessary", but the downtrend remains.Point B around nex resistance
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