EURJPY Analysis July 23, 2020

Jul 23, 2020

Looking for market to be on a strong bullish sentiment after completing a complete reversal by forming a double bottom followed by a break and retest of structure on the weekly timeframe. Currently market is in an uptrend and may possible pullback to retest broken resistance structure.Slight rejection level is approximately 125.200 region however, major rejection level as indicated is 126.800 region. After pull back this is confirmation that market may very continue into a long bullish trend to weekly timeframe target.