EURJPY has broken up into a bullish channel ever since it took out the previous trading range box. The channel has been narrowing recently signalling a potential reversal nearby. Price may look to retest previous highs at the next blue resistance level. A break of the bottom yellow trendline would signal the beginning of a pullback lower.
Kommentera:
There is also the top of a major flag pattern nearby (the yellow trendline above) which may be retested