Either a rebound or a breakout imminent on EURJPY

Past performance is not an indicator of future results.
EURJPY is heading towards the support line of a Triangle. If this movement continues, we expect the price of EURJPY to test 126.0700 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.