EURJPY: Losing selling momentum. Expect bullish move.

OANDA:EURJPY   Euro / Japanese Yen
Selling momentum is lost with each test of resistance. The previous 2 tests at resistance had instant rejections, the market consolidating now indicates that there may be no more sellers left and an bullish move is coming.
Next resistance is at 131.500.

I agree with your bullish view on EURJPY. Our trading signal idea is also of the same bias. We have found roughly support level at 130.98 which is also a 61.8% fibonacci extension
Additionally, our RSI is approaching support, which backs up our bias.

Glad to see that we have the same bias for EURJPY.

Yearn-Forex FXCM-EDU
@FXCM-EDU, My bias is still bullish but i've already exited the trade as i'm not happy with the way the daily candle is looking.
I may re-enter based on how price action plays out today.

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