EURJPY: Going long looking good

FX:EURJPY   Euro / Japanese Yen
2465 26 57
The pair is at the bottom of the 21 month old corrective structure and this may well be the last lag of structure giving an opportunity to go long from here, the possibility of a break above the corrective structure to start another impulse upwards is very much in the table provided that we continue to go up and avoid a break down of the structure.
Comment: If we get a break above then I would be looking for a buy setup but please don't make entries based on one price movement, always wait for confirmation before jumping in. Till now there is no confirmation of a break to the downside to me nor a bounce but I am expecting it soon. Let's see.
Comment: this what we had been looking for
Comment: update: we have a breakout to the upside
Close above 125.100 is safe level to buy..

Thank for sharing your thought mate
piphunters Al.Massari
my pleasure
piphunters tengkuger
table has turned probably now
monthly chart shows that ej got a lot roms to go down more...
piphunters tengkuger
yes if we are going down there is a lot of room down agree
thanks for the update pip :)
piphunters Peter_238
you are welcome
I went short at 125, yikes, lol. I put my Target at 129. Any inputs on this?
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