EURJPY TO GO BEARISH

٢٨ ديسمبر ٢٠٢٣

The EURNZD structure and the EURJPY structure are comparable. Given that the price has already shown the first indication of a reversal, breaking below the MTF ascending channel within the HTF ascending channel, I am anticipating a push lower. As a result, the current structure suggests that the price will continue, which is why it is called CAB (Continuation After Breakout).