EURJPY is breaking out of a triangle on the MONTHLY. Price tested the break out area @133.250 on the (DAILY) & shot back up & to resistance @142.700 area. This seems to be a strong level of resistance due to the multiple failed attempts to break it. On the WKLY price formed a Inverse Hook pattern after it broke out, which explains the break/retest on the DAILY. IF price bounces off support area @137.900 area then we will see price consolidate until another breakout! The Long-Term trend is BULLISH. The Short-Term trend is Bearish.
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