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DLavrov

Bullish Divergence

Long
Euro / Japanese Yen (FX:EURJPY)  
DLavrov  
FX:EURJPY   Euro / Japanese Yen
EURJPY EUR jpy
5
0
eurjpy eur jpy
Price bounced from support level around 122 with confirmation from DMI that bears have no power for down movement. We have Bullish Divergence and it's strong signal that down trend could be over. Weekly chart also confirms that price, probably, will go higher. Entry 123.710, stop level 121.450 and profit level 126.500 - based on weekly chart.
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