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francesgurton

EUR/JPY - Long

Long
Euro / Japanese Yen (FX:EURJPY)  
francesgurton  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators EUR jpy EURJPY LONG short Bullish Patterns Ascending Channel
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trendanalysis chartpattern indicator eur jpy eurjpy long short bullish ascendingchannel
Possible long opportunity on EUR/JPY.

Price has shown signs of rejection at support around the 126.00 level. If rejection continues and we get confirmation of bullish momentum I believe price could reach the resistance at the 126.70 level.

I will look for strong bullish 4H candles as well as signals from the MACD and RVI.

Remember there is important EURO news out tomorrow at 10:00 AM GMT so be careful if entering this trade before this time.
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