EURJPY (4H) - weekly bullish bias
The pair has been moving sideways after its sharp rise a week ago. The higher lows in the triangle flag indicates buyers' commitment to support the price. The consolidation is expected to break with a strong momentum before the end of the week. The RSI has eased off into the neutral territory, and more buying interests could be lying around to resume the uptrend.
Key support: 118.95/118.70
Key resistance: 119.95/121.00
The pair has been moving sideways after its sharp rise a week ago. The higher lows in the triangle flag indicates buyers' commitment to support the price. The consolidation is expected to break with a strong momentum before the end of the week. The RSI has eased off into the neutral territory, and more buying interests could be lying around to resume the uptrend.
Key support: 118.95/118.70
Key resistance: 119.95/121.00