Last week I had a EURJPY bullish breakout as one of the top trading ideas on my radar, but after getting a false breakout to start the week, price worked it's way back into the channel. We've no broken out to the high side again & this one looks like the real deal.
My projection is a move to the 132 level which is a previous zone of consolidation (look left, structure leaves clues) on the daily & weekly charts. To get there we'll most likely either see another period of consolidation form, followed by a breakout, or a pullback into our previous level of resistance which we would expect to now act as support.
Akil
My projection is a move to the 132 level which is a previous zone of consolidation (look left, structure leaves clues) on the daily & weekly charts. To get there we'll most likely either see another period of consolidation form, followed by a breakout, or a pullback into our previous level of resistance which we would expect to now act as support.
Akil
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