DzhuneytYusein
Long

EURJPY Potential LONGTERM BUY if last month's support not broken

FX:EURJPY   Euro Fx/Japanese Yen
If EURJPY             continues in the bullish trend which it has been following for more than a month, it might potentially break the thick red resistance line which is a very long-term resistance level which implies huge profits in a long position.

However, we expect many news that might have a negative impact on EURJPY             in the next few weeks so it also can break the support of the bullish trend from last month but it will eventually bounce back up from the thick red SUPPORT line which has been in place since early 2000s and it has NEVER been violated.

Actually the rising wedge should warn of a potential bearish trend coming soon with 122.0 as first target
Reply
yeah I actually hope it breaks the current trend and falls down to the Support but I don't think 122 is a feasible option since it has to break a support that it has never broken for more than 10 years ... even if it falls to 123-4 it should bounce back up with greater speed
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a.b PRO DzhuneytYusein
10 years? In 2012 the pair was as slow as 94-95...
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