Should we expect a breakout or a rebound on EURJPY?

Past performance is not an indicator of future results.
The movement of EURJPY towards the resistance line of a Channel Down is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 17 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.

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