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BillyGeoffreyJeff

EURJPY: Bearish channel coming to an end (H4 time frame)

Long
Euro / Japanese Yen (OANDA:EURJPY)  
BillyGeoffreyJeff Updated   
OANDA:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns
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0
trendanalysis chartpattern
A bearish channel has been rallying since 9 November and it seems that the price is now testing a key support level. Based on the H4 time frame, it seems that the current bearish momentum might reach an end. Will be looking for a long opportunity.
Comment:
A possible pullback had occurred on the 4H chart of the EURJPY pair thus retested the support area. If there is no breakout below the support area, then there will be chances that the downtrend will end and the price will go for an uptrend.
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