This trade setup on EURJPY is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 162.4956.
EURJPY through 163.07934353741496. Is this a confirming a breakout? Will it continue its path in the current trend toward 162.4956?
