The currency EURJPY has reached an important resistance (124.107). Today the candle had big shadow and comparing the closing price with the opening price we have a small variation of the price. We expect that the price will descend to 50% percent of fibonacci retracement (120.509).
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Just a small update, as we expected, the market started a downtrend, we closed the TP1 and TP2. Let's see if the market will continue his trend untill our TP3. Enjoy you all, traders!
Trade closed: target reached
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The trend followed our idea and we got our target! Stay tuned for our next analysis!