DLavrov
Long

Super Bullish Divergence

FX:EURJPY   Euro Fx/Japanese Yen
60 0 8
EURJPY             has been falling for 7 months already. And one day it must reverse, may be we have such day now? Look at Super Bullish Divergence formed by MACD and RSI . As for ADX line, we can see that after each price lows the indicator could not form new highs. It also could be a signal that bears are not so strong now. For long trades entry level is 122.350. Stop must be placed below 120.80 and profit target should be 124.90.
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