EUR-JPY Weekly Technical Analysis

Euro Yen after liberating from the ascending channel in the process of forming a descending channel supported by negative pressure on prices. We expect the negativity of the pair inside the channel and in general the negativity will continue as long as prices are below the level of 127.55 - we advise traders to sell positions only inside the descending channel while maintaining an appropriate stop loss. Watch the analysis from here on the Telegram channel  

Adjustment: 200+ profit points