RLinda ! EURJPY -> trend change. What will happen next?

2022年8月29日

EURJPY is forming a global trend change. The price breaks the descending price channel in the resistance zone, breaks the line and breaks the resistance level of 137.55, which becomes support.

I have outlined the formation of an uptrend channel in which I believe price can continue its movement.

I assume that the price can make a pullback to support 137.55 and test the level, and then continue its growth. It is near the support level that we should look for an entry point. The short-term target is resistance 139.48.

Regards to R.Linda!