LFX
Long

EUR/JPY - BULLISH FIBONACCI FOR 400+ PIPS

FX:EURJPY   Euro Fx/Japanese Yen
409 5 11
Looking at this pair we can see we are making higher highs and higher lows.
The Fibonacci has had a touch of the 38.2% retracement level which is also inline with strong Monthly support.
On the Daily TF we have had a breakout, retest, continuation at 138.00.
I think we are now about to see a bounce of the inner trend line, a good entry would be at a break of the counter trend line.
Target 1 is 143.00 which is also in line with the double top neckline range, the Fib D1 target, and Weekly Mid-Range resistance.

Related Ideas

olayinka PRO
a year ago
beautiful analysis mate see you got the key levels spot on now. makes a difference on your analysis for extra confirmation.
Reply
LFX PRO olayinka
a year ago
Thanks mate, the new video from Shaun has helped me with the key levels a lot.
Reply
Talk_Forex96 PRO LFX
a year ago
Which new video? Are you talking about the webinar with tradingview?
Reply
olayinka PRO Talk_Forex96
a year ago
no a video sent to us because we are his students.
Reply
Talk_Forex96 PRO olayinka
a year ago
oh how did he send it through?
Reply
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