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EURJPY: Consolidation & Complete Indecision đŸ‡ȘđŸ‡șđŸ‡ŻđŸ‡”

Euro/Japanska yen (OANDA:EURJPY)  
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OANDA:EURJPY   Euro/Japanska yen
Support and Resistance Supply and Demand Candlestick Analysis EURJPY swing swingtrading swingtrade swingtrader euro yen japaneseyen Contains image
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supportandresistance supplyanddemand candlestick eurjpy swing swingtrading swingtrade swingtrader euro yen japaneseyen containsimage
snapshot

EURJPY is currently trading within a narrow horizontal range on a daily.
Depending on the side of a breakout, I see 2 potential scenarios.

Bullish Scenario
If the price breaks and closes above 159.5 resistance on a daliy,
I will expect a bullish movement at least to 160.5 level.

Bearish Scenario
If the market violates 157.4 support and closes below that,
a bearish movement will be anticipated to 156.1 level.

As always, breakout is the best confirmation,
so wait patiently for that.

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