EURJPY Still bullish. Continue buying the dips.
The EURJPY pair gave us a textbook buy-low-sell-high two-way trade last time we looked at it (March 25, see chart below) and hit both targets:
Right now it may be shifting into a new Channel Up (dashed), diverging slightly from the (blue) long-term one. The 1D MA50 (blue trend-line) has been holding as Support basically since the January 10 bullish break-out, so technically the long-term trend remains bullish.
Our Target is 173.500, the top of the (blue) long-term Channel Up.
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Right now it may be shifting into a new Channel Up (dashed), diverging slightly from the (blue) long-term one. The 1D MA50 (blue trend-line) has been holding as Support basically since the January 10 bullish break-out, so technically the long-term trend remains bullish.
Our Target is 173.500, the top of the (blue) long-term Channel Up.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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