EURJPY analysis: Important info. to keep in mind
Over 9 months of price action is shown in this EURJPY analysis on a 6 hour timeframe. A double bottom pattern which is ideally bullish did confirm when price closed above ~130.40 on September 13, 2018.
EURJPY price action onwards is captured in this analysis using a bullish channel that is tentative. 127.64 and 126.96 indicate support for the EURJPY so that price breaking below support implies more downside or bearish strength in the EURJPY.
On the other hand, any bullish momentum is anticipated to reach 131.15 or 134.93, with both representing the channel lines for the bullish channel.
EURJPY price action onwards is captured in this analysis using a bullish channel that is tentative. 127.64 and 126.96 indicate support for the EURJPY so that price breaking below support implies more downside or bearish strength in the EURJPY.
On the other hand, any bullish momentum is anticipated to reach 131.15 or 134.93, with both representing the channel lines for the bullish channel.
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