After hitting our uptrend targets...EURJPY formed a double top with a consolidation near support/ bearish flag. A break below the bearish flag could present a potential downtrend.
Downtrend targets will be the 50%, 61.8% or even 2 Apr structure low of 124.489.
However a close above the double top pattern will cancel out this downtrend analysis.
Downtrend targets will be the 50%, 61.8% or even 2 Apr structure low of 124.489.
However a close above the double top pattern will cancel out this downtrend analysis.
