Very nice set up in eurjpy. I did not enter earlier as i wanted to see the weekly close.
Weekly bounced from keep support as shown and shows a very nice candle. Daily chikou is above price and we have to see next candle to see where chikou is. Above 55 sma.
My long entry is based on weekly chart not the daily. The resistance level is shown and we have nice risk to reward ratio if you enter on slight pullback.. Price is swIng wide of kijun in lower TF. I'll go long on any dip and see how this one plays out.
Fundamentally euro is strong accros the board and even after draghi conference. Enough conviction for me to go long.