EURJPY Long Idea
On this pair we are significantly bullish and will remain with that trend until we see a major transition.
From the current level we see major resistance at our monthly zone around 126.500. Here we can identify two potential long opportunities.
1.Price action momentum continues up and we see a rally off the current level at 125.300. Look to enter on a confirmed transition and target higher toward key resistance and negative fib levels.
2.Price action retraces to form structure around the 38.2% fib level and major support around 124.000. Look to enter long on a confirmed transition and target higher toward key resistance and negative fib levels.
For us to consider short opportunities we need to see a break and retest of 124.000
On this pair we are significantly bullish and will remain with that trend until we see a major transition.
From the current level we see major resistance at our monthly zone around 126.500. Here we can identify two potential long opportunities.
1.Price action momentum continues up and we see a rally off the current level at 125.300. Look to enter on a confirmed transition and target higher toward key resistance and negative fib levels.
2.Price action retraces to form structure around the 38.2% fib level and major support around 124.000. Look to enter long on a confirmed transition and target higher toward key resistance and negative fib levels.
For us to consider short opportunities we need to see a break and retest of 124.000