eurjpy daily chart

FX:EURJPY   Euro / Japanese Yen
As mentioned in previous post we found support last year at the lower bound of a multi year channel at 109.50 and a swift recovery has taken shape since then.

A recovery appears plausible towards 121. A break above will take it towards 122.50/123 with the next handle at 124.

All the best and trade with care.
Thanks for your support.
Comment: break above showing 124 this coming week before the next leg down, twinned with the neckline at 1.08 on eurusd


Agree with this, would say it's a buying opportunity at this current level - esp to hedge any short EUR exposure
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