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EURJPY Moves Confined Within Symmetrical Triangle

Discussion in 'Technical Analysis' started by Kaitlin, Jan 18, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Following its break of seven month old descending trend-channel support (now acting as resistance), near 128.70, the EURJPY plunged to 126.70 mark; however, inability to break the same portrayed a short-term symmetrical triangle formation on H4 chart of the pair which currently confines its moves with 127.50 being immediate support[​IMG]

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