Emerging Channel Down detected on EURJPY – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 160.339 and it is expected to move to 157.8348.
A Channel Down has formed, EURJPY is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
