EURJPY ! Continue to fall after resistance test 😉

14 ก.ค. 2022

EURJPY for the first time shows signs that a correction is possible. The price has been trading in the range between 144.2 and 139.19 for a long time and the support was broken at the end of last week. At the moment, we see a local consolidation under the level of 139.2.

I suppose, as the price rolls back from support at 137.5 to resistance, the currency pair may test local tops with a false breakout and continue to fall to a short-term target - support at 137.54.

Sincerely, R. Linda!