EURJPY is moving in an ascending channel.
The volatility continues to decline, which means that a new impulse is about to emerge.
The price is approaching the psychological resistance level of 165.
The chart has already reacted twice with a sharp decline after reaching the dynamic resistance.
We expect a pullback to the 50% retracement level after the resistance retest.
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The volatility continues to decline, which means that a new impulse is about to emerge.
The price is approaching the psychological resistance level of 165.
The chart has already reacted twice with a sharp decline after reaching the dynamic resistance.
We expect a pullback to the 50% retracement level after the resistance retest.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.