EURJPY: Bearish channel coming to an end (H4 time frame)

18 בנוב׳ 2020

A bearish channel has been rallying since 9 November and it seems that the price is now testing a key support level. Based on the H4 time frame, it seems that the current bearish momentum might reach an end. Will be looking for a long opportunity.

22 בנוב׳ 2020

הערה

A possible pullback had occurred on the 4H chart of the EURJPY pair thus retested the support area. If there is no breakout below the support area, then there will be chances that the downtrend will end and the price will go for an uptrend.