RLinda ! EURJPY->The pair is getting ready to fall. What's next?

2023年2月8日

The EURJPY has formed a trap against channel resistance and is now about to fall. What to expect from the price?

Earlier the price consolidated for a long time near the channel resistance, waiting for a break-down. But it was a false-break and that maneuver might be called a market-maker's trap. The price breaks through the key support down to 140.73 and consolidates under the level, opening the potential to sell

I expect the end of the consolidation under 140.73 and the fall of the price to the support 138.12

Regards R.Linda!