EURJPY might make it to top of outer channel and reach ~124.400

EURJPY could potentially break out of the inner channel (2) and continue up trend to outer channel (1) top before reversing. Watch for EMA 50 // 200 narrowing, and quick RSI rise: this could mean it's losing strength to continue punching through the inner channel resistance (which is relatively weak on the h4).

Good luck trading EURJPY

Kommentera:

I had underestimated the inner channel resistances, sorry!