EURJPY is currently within a channel and has been respecting it really well. We recently saw multiple rejections on the daily timeframe of the channel support, indicating that there's bullish pressure.
Trade Idea: - Watch for lower timeframe bull flags or a breakout - Enter with stops below the channel - target the mid channel as first TP (300pips) and channel resistance as second TP (500pips)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.