EURJPY Buy signal inside a strong Channel Up.

Long

Euro / Japanese Yen (FX_IDC:EURJPY)

FX_IDC:EURJPY Euro / Japanese Yen

trendanalysis chartpattern indicator eurjpy eur jpy forex euro japaneseyen

EURJPY is trading inside a Channel Up starting from the beggining of the year.
The MA100 (1d) gave the necessary Support last week at the bottom of the Channel UP.

Trading Plan:
1. Buy once the price closes over the Falling Resistance.

Targets:
1. 166.700 (+8.00% rise as per the bullish leg prior).

Tips:
1. The RSI (1d) hit Support (1) and rebounded. This support level has priced the lows of July 27th, March 17th and January 17th.

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Notes:
Past trading plan:

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