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MMQ_FX

EURJPY - To Break Higher

Long
Euro / Japanese Yen (OANDA:EURJPY)  
MMQ_FX  
OANDA:EURJPY   Euro / Japanese Yen
Support and Resistance EURJPY euro jpy japaneseyen euroyen
2
0
supportandresistance eurjpy euro jpy japaneseyen euroyen
EURJPY has been rangebound over the past few days.

Price appears unable to break the support level at the 133.600-133.700 area, and so I am expecting a break to the upside to continue the overall bull trend.

Entering at the support level offers a good risk:reward ratio with a small stop loss should price happen to break lower.

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