EURJPY: Potential Continuation & Trading Plan

EURJPY is correcting after a strong bullish move last week.

The price is steadily falling within a falling parallel channel - bullish flag pattern.
Now the price is approaching a yellow strong horizontal support.

IF the price violates the resistance of the flag, for us it will be a strong bullish signal
and bullish continuation will be expected.

Potential goals:
129.3
129.8

In case of a bearish breakout of yellow support, setup will be invalid!

Comment:

Check my new analysis on EURNZD:

Trade closed: target reached:

T1 reached