formosanblackbear
Long

EURJPY Up Move After Bounce on Trendline in Channel

FX:EURJPY   Euro / Japanese Yen
If you have drawn a channel as seen above in the EURJPY             , you can see that the pair has came back down to retest the bottom trend line of the channel. It formed a bullish low test, signaling an upwards continuation. Other confluences that can be seen in the currency pair are the . 382 retracement level, the 138.0 support and resistance level and the recent golden cross that formed on June 23rd.
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