EUR/JPY: where to go short from? Price Action Masterclass

8 thg 3, 2022

As it can be inferred from the chart analysis, the price is slowly approaching the zone of previous support now turned resistance. The same zone also lines up with the upper boundary of the formed downtrending parallel channel. We are gonna closely monitor the price action around this area before opening short positions and aiming for the zone of support illustrated on the graph.