EURJPY has been steadily climbing since our last analysis where it broke out as expected.
However, we believe price is nearing a reversal point and must come back down and retest the current trendline, possibly creating another higher-low.
We expect price to reverse around the next resistance level.
Look for confirmation from a break of trend line, the RSI and MACD.
However, we believe price is nearing a reversal point and must come back down and retest the current trendline, possibly creating another higher-low.
We expect price to reverse around the next resistance level.
Look for confirmation from a break of trend line, the RSI and MACD.
