EUR-JPY STRUCTURE ANALYSIS|HEAD & SHOULDERS SHORT|

Aug 21, 2020

The pair has broken the two diagonal support lines and now stands above the green mirror support level.

The further direction of the pair movement might be the. following:

There will be a bounce up from the support to retest the broken diagonal trend-lines.
Then, the pair will return back to the support.

And then there might be a breakout downwards. IF that happens, there will be a three broken support line and a Head and Shoulders pattern to support the short narrative.

Let's see how it goes, but this is a possible scenario.

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