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theselfishtrader

EURJPY - Range-bound Long

Long
Euro / Japanese Yen (FX:EURJPY)  
theselfishtrader  
FX:EURJPY   Euro / Japanese Yen
Chart Patterns Trend Analysis Technical Indicators EURJPY Forex forexsignals swingtrading tradeidea tradesetup
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chartpattern trendanalysis indicator eurjpy forex forexsignals swingtrading tradeidea tradesetup
Price has been bouncing around in a fairly tight (~130 pip) range since the end of Nov.
Support at 127.5 has held strong in a confluence zone with weekly support (pink line)

Price is oversold at support and has provided a low-risk counter-trend trade opportunity (see chart)
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