EURJPY Long opportunity
Main trend is up on the daily, a potential 500pip long setup towards 139.098
a weakening JPY , strong eur and the german elections shouldn't be ruled out, with EURUSD slowly regaining track trading at around 1.2 currently.
buying dips could be the correct strategy to trade the eur at this point of time judging on the price movement.
R3 : 139.098
R2 : 137.067
R1 : 134.590
PP : 132.301
S1 : 130.176
S2 : 127.701
S3 : 126.205
a trade below my PP would signify further RETRACEMENT towards S1-S3 area
but however, below S3 might turn the overall trend to BEARISH instead.
a weakening JPY , strong eur and the german elections shouldn't be ruled out, with EURUSD slowly regaining track trading at around 1.2 currently.
buying dips could be the correct strategy to trade the eur at this point of time judging on the price movement.
R3 : 139.098
R2 : 137.067
R1 : 134.590
PP : 132.301
S1 : 130.176
S2 : 127.701
S3 : 126.205
a trade below my PP would signify further RETRACEMENT towards S1-S3 area
but however, below S3 might turn the overall trend to BEARISH instead.
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