Long Opportunity For EUR/JPY
Updated
As you can see from the daily chart there is a clear uptrend at the moment for EUR/JPY. I plan to open this trade nearing the trendline I have placed on the chart, near the 129.500 support region if we fall lower, and hope for a bounce to continue the uptrend towards the 133.000 resistance region where we failed to break in April. My stop loss will be placed around the 128.400 area.
Trade closed: stop reached
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.