EURJPY: Range bound, looking for a breakout
The price for EURJPY has broken down the trendline and bounced off the support level at 155 very strongly.
Looks like it is currently consolidating in a range.
It is nice to have short term trades in between the range and wait for a breakout to indicate the direction.
Currently, my personal bias is that the price would break above the resistance and move higher!
Looks like it is currently consolidating in a range.
It is nice to have short term trades in between the range and wait for a breakout to indicate the direction.
Currently, my personal bias is that the price would break above the resistance and move higher!
Penafian
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