EURJPY tested the upper border of the descending channel, then dropped.
The market bounced off the level of 163.500. The support level became resistance.
Price action is printing lower lows and lower closes, indicating a bearish trend.
We expect completion of the AB=CD pattern, so the price is likely to test the support level.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
The market bounced off the level of 163.500. The support level became resistance.
Price action is printing lower lows and lower closes, indicating a bearish trend.
We expect completion of the AB=CD pattern, so the price is likely to test the support level.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
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