Hello Traders, welcome to the Daily Forex technical analysis
. Today is June 17th, 2019 and we will be taking a look at the Euro
against the Japanese Yen
. Looking at the 1 hour time we are now looking for a pullback back of the current structure which could possibly be shorted but we will be looking for a profitable long opportunity on the retest of a previous support area
near the 121.49 region. Entry for a Long position near the 121.485 area, with a Stop Loss near the 121.205 region, and a target level area of 122.104 to possibly ensure a profitable trade with a 2.21 to 1 R/R.