RLinda

EURJPY ! Price in range. Correction from limit resistance 😼

Kort
RLinda Uppdaterad   
FX:EURJPY   Euro/Japanska yen
EURJPY is in a very strong growing trend and the price updates the peaks every time and greatly weakens the national currency. The entire market is in a phase of correction or even a downtrend.

On the chart, we see a range and limit resistance zone at 144.200. the price tested the level three times and failed to break through, a pullback is formed and the price goes under the level of 142.900 and begins to form an impulse.

I suppose the price will fix under the level of 142.900 and the price will move down. Since the price is in a range, it will trade from support to resistance and vice versa. Short-term target - support 141.43, and medium-term - liquidity zone 139.2

Sincerely, R. Linda!
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