Sascha_Gogolin

EUR/JPY - Bulls took over and remain in control

Long
Sascha_Gogolin Updated   
FX:EURJPY   Euro / Japanese Yen
As mentioned in my last trading idea on this pair a bearish breakout was more likely but resulted in a false break. Bulls took over and pushed price higher which is now followed by a small corrective structure. As mentioned earlier I still have my main target at 114.50. Since this is a trade on the lower time frame though, 113.90 will come in before that and should be the primary target where one could possibly take some of the position off.
Trade closed: stop reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.