The 4-hour chart of EUR/JPY formed a double top pattern and made a strong sell off.
Now it currently retesting the support of the double top pattern.
The chart is also forming a up channel which could be interpreted as bearish flag too.
As per our analysis,the counter is trading around multiple resistance zones and a strong selling pressure could be experienced.
On the contrary,if it breaks the resistance zone it could head towards the next resistance of 130.337.
Now it currently retesting the support of the double top pattern.
The chart is also forming a up channel which could be interpreted as bearish flag too.
As per our analysis,the counter is trading around multiple resistance zones and a strong selling pressure could be experienced.
On the contrary,if it breaks the resistance zone it could head towards the next resistance of 130.337.