EURJPY: movement in the break zone and return to the main trend

Euro / Japanese Yen FOREXCOM:EURJPY

TradingStat

After a strong jump in prices in December last year, the pair is moving in the zone between the two levels of 125.9 and 126.7. This is the main trend. However, the price regularly breaks through the level collapse. And at the peaks of these breakouts, two additional price levels formed, affecting the movement. Last week, the price just broke through the level of 126.7. Now it continues to grow and is likely to come to the breakdown level of 127.4. After that it will return to the main trend zone and fall to the level of 125.9.

Remember, there is no place for luck in trading – only strategy!
Thanks for the likes and comments.



more…

READ  Mr. Hypothesis Traps EURJPY for FOREXCOM:EURJPY by MR_HYPOTHESIS