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EURJPY At Trend Reversal Point.

Euro/Japanska yen (FX:EURJPY)  
Fx_Trader_ViSa  
FX:EURJPY   Euro/Japanska yen
Trend Analysis Harmonic Patterns Chart Patterns EURJPY eurjpyanalysis euro dollar Forex forexanalysis forexsignals forextrading
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trendanalysis harmonicpatterns chartpattern eurjpy eurjpyanalysis euro dollar forex forexanalysis forexsignals forextrading
EURJPY is trading in descending channel pattern as long term trend. After touching the support line of the descending channel pattern, it is trading in a rising wedge pattern. Now, the price level is trading near the resistance line of descending channel pattern, also at the resistance of rising wedge pattern, so according to chart pattern, we think we might see a trend reversal in EURJPY on downside soon. If it breaks out of the resistance line of descending channel pattern with good confirmation new trend might start in EURJPY.

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