EURJPY is breaking the falling wedge
EURJPY is breaking above 123.70 resistance. A confirmed break above this rsistance is required for the higher probability of the long trade entries. A rejection here and a break below 123 is required for the upside invalidation. The overall medium-term is an uptrend but we need to see a confirmed break above 126 to see an extension higher. The pair is in the upside continuation price action formation.
Note – We are inclined to long trade entries with the stop loss below 123.50
If you want to learn trading analysis and how to get to key trading levels like in this article register for Private Live mentoring with your trading evaluation.
