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EUR/JPY Waiting for the Breakout

Long
Euro / Japanese Yen (FX:EURJPY)  
ThinkingAntsOk  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Support and Resistance Multiple Time Frame Analysis EUR jpy EURJPY LONG Bullish Patterns
5
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trendanalysis supportandresistance mtfa eur jpy eurjpy long bullish
🔸4H CHART EXPLANATION:
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🔸Price is on an uptrend, moving on an Ascending Channel.
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🔸We consider that this pair has bullish potential, however, we are waiting for a breakout of the Resistance Zone at 127.00 before considering long positions.
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🔸If the zone is broken, the next bullish target is the Resistance Zone at 129.00.
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🔸 Will look for a lower timeframe bullish setup.

🔸DAILY CHART ANALYSIS:

snapshot
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