💱 EURJPY - Breakout of trend support. Market panic

27 באוק׳ 2023

EURJPY breaks trend support and prepares to fall. The local trend may change amid JPY intervention and EUR weakening

TA on the high timeframe:
1) Strong bullish trend.
2) Support area retest

TA on low timeframe:
1) Price breaks trend support
2) The level, which can be broken to start a strong down phase, is still holding the price back - 158.29.
3) If 158.29 is broken, the price will head towards 157.06.

Key resistance: 158.92
Key support: 158.29