davidleekuanyong

EURJPY...potential bullish price action IF

FX:EURJPY   Euro / Japanese Yen
...prices can stay above 125.960 resistance zone . If buyers can get the job done, we could potentially see prices going for an uptrend.

There are 3 uptrend targets, each are highlighted in green.

However this entire bullish uptrend is trashed when sellers forced a close below 123.700. This is because a close below this level means the structure is still a downtrend.
We could potentially see prices creating lower lows.

Comments

EURJPY hit 1st 2 uptrend target. this uptrend is still in play.
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