Blackwood_fx

EUR/JPY WEDGE FORMING ON 4H CHART (Swing)

FX:EURJPY   Euro / Japanese Yen
Looking at the 4H time frame we have what looks like a symmetrical wedge forming.

If it breaks to the downside I am expecting a drop to the 118.25 level, if it breaks to the upside I am expecting it to hit the 126.20 area.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.