EURJPY looks quite bullish. I have one long position I opened below channel bottom, but I'm not that sure about that decision, so I will wait with building bigger position until chart will cross SMA100. So here is my game plan: I will open long above SMA100, and if I'm right I will keep position to orange dashed line I put on chart. I'm not convinced to keep position to the top of the channel - it looks too expensive for me, but if chart will behave like it is ready to go there - i will build another position above orange resistance level. What if I'm wrong - I think I will close position when chart will cross SMA50 and SMA20 and wait for other opportunity.
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The price didn't pass SMA yet, but soon we probably will have opportunity to buy. I will watch EURJPY carefully not to miss it.
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I started to open some small positions on EURJPY. I believe that USDJPY will continue slight uptrend and there is possibility to go up more.
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EURJPY like to slide the band, as you could see earlier at this channel.