EUROJPY has been bearish on the daily chart. The price has had a consolidation. The H4 chart gives a better picture. It shows that the price has been heading towards the South after having a rejection from a significant level of resistance. It will soon land at the level of support where the price bounced several times. A question may be raised here whether the price will have a bounce again at the support level or it will be breached this time. Let us have a poll on this.

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Scenario 1: The support level will be held again and the price will head towards the North.

Scenario 2: The support level will be breached this time and the price will head towards the South aggressively.

Will the Support Level Be Held Again or Breached?
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