Possible EURJPY Long Position

18 בינו׳ 2021

EURJPY has been ranging in an ascending channel since December 1st 2020 and price eventually broke out of the channel to the downside, with enough momentum to break through a significant price level, which, turns out to be a daily support level. EURJPY is testing a current support zone, yet to make price rejections.
Entry Point: 125.000
SL: 124.500
TP: 126.000

N.B. Analysis is subjective. Individual analysis adviced.