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EURJPY 4hour Analysis October 2nd, 2022

Long
FX:EURJPY   Euro / Japanese Yen
EURJPY Bullish Idea

Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish

Trade scenario 1: We are generally bullish on EJ again but we are resting at key resistance right around 142.000.

If we break above 142.000 look for a higher low to enter long on and target higher toward 144.000.

Trade scenario 2: If EJ rejects from 142.000 look for clear bearish setups to enter short on and target lower toward 140.000.

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