[button link=”https://app.simplefx.com/login” size=”medium” target=”new” text_color=”#eeeeee” color=”#df4444″]SELL EURJPY[/button] [button link=”https://app.simplefx.com/login” size=”medium” target=”new” text_color=”#eeeeee” color=”#3cc195″]BUY EURJPY[/button]
If this happens, the market will open the way to the lower bound of the yellow channel and the support level of 118.48. In this case, we will expect a decline in the next trading weeks. An alternative option is a price increase to the upper bound of the yellow channel and the resistance level of 122.01. It is shown on the chart by a thin white line.
