EURJPY
- We are in an exhaustion phase.
- We are in an ascending formation (bearish bias).
- The current long-term bias is bearish.
- The current med-term bias is bullish.
- We trade med-term so we are looking for bullish setups.
*** We are now coming into a support level. Previously, bulls have showed a lot of strength in this ascending formation, with a new higher trend line forming.
This means that we can expect a possible upside movement from this pair following a break of recent lows. [/b
Keep an eye out! - TheFXAngel