EURJPY H4, signs of rejection at Daily resistance zone.

27 Ağu 2020

This pair is also forming a similar pattern to AUDJPY. We can see signs of rejection at a Daily resistance zone. Price has also made a lower high which shows that bullish momentum is slowing down and the bears could be taking over. We can see that a pullback is forming and price can decide to continue buying to the Daily resistance zone OR make its way back to the trend line, breakout of this uptrend and start to sell. Wait for a breakout and close or breakout and retest below this uptrend before entering a sell.