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olly48

EUR/JPY Now Rising Off Support

Long
Euro / Japanese Yen (FOREXCOM:EURJPY)  
olly48 Updated   
FOREXCOM:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators EURJPY eurjpylong eurjpysignal eurjpytrade eurjpyanalysis eurjpybuy eurjpyidea eurjpysetup eurjpyforecast
3
0
trendanalysis chartpattern indicator eurjpy eurjpylong eurjpysignal eurjpytrade eurjpyanalysis eurjpybuy eurjpyidea eurjpysetup eurjpyforecast
This is now rising from the support I marked out on this pairing 3 days ago. Unfortunately for those that may have entered the long when I posted it may have just touched the SL, hopefully it just avoided as it is now rising again. MACD is set to go bullish above 0 and EMA's are about to cross over. I have set TP at the previous high of 127.344. SL just below the recent lows on support. Keep in mind there is a very major downward trendline just above.

TP - 127.344 or at trendline
SL - 126.050
Comment:
I will close this trade now, it looks like it has reached its peak and as it is near the major trendline I do not think it will break the previous peaks
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