FrametheMarket101

Fresh EURJPY trend confirmed: +/-200 pips up for grabs

Long
FX:EURJPY   Euro / Japanese Yen
Here we have some interesting developments on the EURJPY .

The following idea at play: Long EURJPY

Trend confirmation in place on daily in line with Ichimoku Kinko Hyo principles.
Should the trend hold, it will be a very slow grind long side, no hurry here.
The idea should be approached with a set and forget mindset.

Optimal entry as soon as price cleared the 133.000 threshold.
Take profit can be set at 134.900
Expected pips = 200 +/-

Then again, anything can happen.

The above information should not be mistaken for trading advice
Comment: Well folks, as pointed out previously, it is indeed a slow grind.

Price finally broke and close above the 133.000 level.
One key influencing fundamental factor is the outcome of the rate decision by the Bank of Japan. Keep your eyes on that event for directional movement.

The bias remains bullish for the EURJPY.
Remember, anything can happen.

The above information should not be mistaken for trading advice

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