EURJPY has broken both trendlines and settled above the pivot point suggesting bullish continuation towards the resistance at 143.200.
Main Scenario:
If the price mantains stability above the pivot, we can open buy positions with targets at 141.330 and 143.2.
Note: Technical indicators display slight bearish divergence on lower timeframe warranting caution.
Alternate Scenario
If the price breaks and consolidates below the pivot, we can expect bearish price movement towards 136.824.
Main Scenario:
If the price mantains stability above the pivot, we can open buy positions with targets at 141.330 and 143.2.
Note: Technical indicators display slight bearish divergence on lower timeframe warranting caution.
Alternate Scenario
If the price breaks and consolidates below the pivot, we can expect bearish price movement towards 136.824.
Trade closed: target reached