Buy Trade on EURJPY

17 באוג׳ 2022Taking a buy on EURJPY as we have had 4 retests of our trendline resistance and a breakout which shows that we have had a strong level of trendline resistance broken, signaling a bullish reversal. Price has also failed twice to break below the 134.975 level of support and after the wick rejection at this level price has started to make higher highs and higher lows giving us more bullish confirmation. I will be looking to exit this position if price breaks below the previous swing low at 136.264.