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EUR/JPY Prints 6 Daily Indecision Candles Before Reversing Off Support

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Direct from the desk of Dane Williams.



Yikes, what a day.

No matter how much I try to streamline my work processes, I seem to still be able to find ways for things to get too much.

As a result, I've just got a quick one to share on the market analysis blog today.

Take a look at the EUR/JPY daily chart below and let's get straight into it.

EUR/JPY Daily:

You can see that beautiful turn, right on top of a clear daily support zone.

I love the way that price printed 6 daily indecision candles right on top of the zone before the bears finally gave back some ground.

From a higher time frame perspective, it'll be interesting to see whether price stalls here at this weird little midpoint, or if we go straight back up to that top EUR/JPY daily resistance zone.

Either way, the higher time frame narrative continues to unfold.

Best of probabilities to you,

Dane.



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