EURJPY currently in a ascending triangle.
I'm currently anticipating for a break out to either the upside or the downside targeting 125.800 price level on the upside or 124.650 level on the downside.
At the moment, indicators are pretty neutral so we'll have to rely only on price action.
However, I'm leaning more towards a break out to the downside as price had been rejecting this price level multiple times on the daily time frame.
I'm currently anticipating for a break out to either the upside or the downside targeting 125.800 price level on the upside or 124.650 level on the downside.
At the moment, indicators are pretty neutral so we'll have to rely only on price action.
However, I'm leaning more towards a break out to the downside as price had been rejecting this price level multiple times on the daily time frame.
Trade closed: target reached