ForexLeague

EURJPY Daily Analysis 2/23/20

FX:EURJPY   Euro / Japanese Yen
EURJPY Neutral Idea

EJ is at a key level currently and how it reacts here will determine what our idea for a trade will be.

Two ways that we want to see this play out:
Break of resistance zone followed by a retest with strong bullish confirmations, target a higher resistance level around 122.500
A bounce from the current level with strong bearish setups, target lower support around 120.000

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