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fxspott
Apr 19, 2021 10:57 AM

EUR/JPY: IDEA 

Euro Fx/Japanese YenFXCM

Description

Currently @ 130.180

We expect the EUR/JPY to continue its uptrend to resistance @ 130.600
If it manages to break above 130.600 then the pair will attempt new yearly
highs @ 131
But if it fails to break resistance @ 130.600, expect it to fall back to 129.8
and attempt to break below 129.8 & test 128

Long term entries
Buys should be placed above 130.800
Sell entries below 129.500

If scalping use 130.600 & 129.800 as support & resistance levels also TP & SL levels
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