The force is strong with this one! EUR/JPY didn’t back down from its climb since the start of the month, establishing an even sharper climb out of its ascending channel last week. Price is now moving above a rising trend line and might be ready for a pullback to the 118.50-119.00 area near the bottom WATR soon.
Comment:
Enter as soon as you see a confirmation of a reversal signaled by double highs or other.