EUR-JPY STRUCTURE ANALYSIS|HEAD & SHOULDERS SHORT|

21 באוג׳ 2020

The pair has broken the two diagonal support lines and now stands above the green mirror support level.

The further direction of the pair movement might be the. following:

There will be a bounce up from the support to retest the broken diagonal trend-lines.
Then, the pair will return back to the support.

And then there might be a breakout downwards. IF that happens, there will be a three broken support line and a Head and Shoulders pattern to support the short narrative.

Let's see how it goes, but this is a possible scenario.

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