EURJPY moves for a month in a flat consolidation between 135.00 – 139.00. At the moment it is testing a lower limit of this consolidation. Successful break of this support will take a price to 133.30 and its defense will move towards 139.00.
Interval H4
On Monday after attempt of breaking top of consolidation price formed double peak formation. EURJPY dynamically move inside downward trend channel. The first sign that this support will stop descent will be break upper limit of this channel.
