theselfishtrader

Bullish Inside Bar breakout

Long
FX:EURJPY   Euro / Japanese Yen
After forming an inside bar pattern at range support ( Daily timeframe ), price is testing the highs of the narrow range candle from last Friday.
I expect a short term bullish move higher with some early resistance provided in the zone between the 38.2% and 50% Fibonacci retracement levels ( Daily timeframe ) and previous support structure at 118.462