EURJPY - Exhaustion count on the intraday chart

EURJPY , EURJPY , EURJPY , EURJPY

Trade Idea

Intraday, and we are between bespoke support and resistance 122.17-123.20.
The selloff has posted an exhaustion count on the intraday chart.
Levels close to the 78.6% pullback level of 120.68 found buyers.
Price action has formed an expanding wedge formation.
The medium term bias remains bullish.
Further upside is expected and we look to set longs in early trade.

We look to Buy at 122.17
Stop: 121.77
Target 1: 123.20
Target 2: 125.60

Trade active:

Buy idea triggered.