EUR/JPY Long

This pair is still going strong in the bullish direction as the Japanese Yen keeps tanking. We can see that the pair broke a resistance level of 131.53 and sustained above that level after doing a retest. This shows strength in the trend and we wait for the continuation in the price before we go long at the 132.00 price point.

Comment:

The price continued the bullish move as we expected and our trade reached TP of 2.03R without any big pullbacks or rejections.