Emerging Falling Wedge pattern in its final wave was identified on the EURJPY 1 hour chart. After a strong bearish run, we find EURJPY heading towards the upper triangle line with a possible resistance at 160.7377. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.
EURJPY – approaching a support line that has been previously tested at least twice in the past
