EURJPY is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of EURJPY could test 164.4053 within the next 3 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
A Rising Wedge has formed, EURJPY is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
