EURJPY H4 | Breaking the support level?

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TitleEURJPY H4 | Breaking the support level?TypeBearish breakoutPreference:EURJPY could continue with the downtrend and break the pivot at 156.201, the pullback support, the price could then fall to the 1st support level at 153.874, the multi-swing-low support.Alternative scenario:The price could rise to the 1st resistance at 158.509, the swing-high resistance.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.

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