So almost the same move as my last EurJpy analysis I would like to see price come down to the area of resistance and test as support. This area is also at the 50% fib retracement and trend line. This will be a quick 80 pip move and will continue its way up from the broken inverted head and shoulders we had in the previous trade.
Trade active:
EJ has reacted to trendline but took too long to get there to hit my limit I have entered by market and have changed my TP to 133.000 after further analysis
Trade closed: target reached:
Original TP was hit and looking for one more push up probably at the beginning of next week to hit our updates TP of 133.