Are you looking for a profitable trade in the forex market? Youโve come to the right place! We have done the hard work for you and found a great opportunity to sell EURJPY. According to our analysis, EURJPY is in an uptrend on the 4H and higher timeframes, but there is a chance for a reversal soon. The price has broken below the key level of 161.10, and we are expecting it to retest this level as resistance (see the Sell limit levels on the chart). If the price rejects this level, we can enter a short trade and target 160.52 as our first take profit. This would give us a nice profit of 58 pips. We have also marked the other take profit levels and the stop loss on the chart for your convenience. ๐ฐ๐ฐ๐ฐ
We hope this helps you make a smart decision. But donโt forget, trading is risky and you should always do your own due diligence before placing any trades. We wish you all the best! ๐๐๐