EURJPY LONG
After an impulsive move to the upside, EJ has retraced and retested the previous high, which aligns perfectly with 61.8% fib retracement level. Lower timeframes show a bullish market structure (Broke and retested a resistance level). Now anticipating a continuation of the bullish trend.
First target - High at 127.000
Second target - Higher timeframe resistance level - 127.500
First target - High at 127.000
Second target - Higher timeframe resistance level - 127.500
Disclaimer
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.