In last trading sessions, the EUR/JPY currency pair has been consolidating after significant growth over the past month. At the moment, near the key area of the offer 129.850-130.000, a number of Inside Bar patterns (H1 timeframe) have been formed, which indicates the development of the corrective movement. We recommend you to pay attention to this situation.
If the price fixes below the local support of 129.550, you need to look for entry points to the market in order to open short positions. The target level of movement is 129.300-129.000. When tracking the position, we recommend using a trailing stop.
This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.