Bearish possibilities with EUR/JPY

20 thg 3, 2021

As we can see price has recently broken out the ascending wedge like pattern in an impulsive fashion meaning price is done correcting and is ready for impulsive moves. In the daily chart we can see that price is in a uptrend but has recently found resistance thus allowing us to find this setup. Price is still retesting but could begin its downtrend very soon.