Nice idea on EURJPY and there may be bullish bias as you have identified. For our setup, we have identified the key support and resistance levels. The support that we have identified is at 126.90. It is a horizontal pullback support, with 76.4% Fibonacci retracement. Stochastic is approaching its support at 0.9% and a corresponding bounce could occur. If a corresponding bounce does occur, we may want to look at the 129.24 resistance level, which is near your 50% fibonacci retracement. It is a horizontal swing high resistance with 38.2% Fibonacci retracement. Looking forward to seeing how things develop.
Please have a look at our idea and share with us what you think.
Please have a look at our idea and share with us what you think.