EURJPY Long Idea
This pair has been in a very strong bullish trend on all major timeframes.
Current price action is now retracing to form structure around the 38.2% fib level and major support around 124.000.
Look for strong bullish setups and lower timeframe transitions to enter long on. Target higher toward major resistance levels.
For us to consider short opportunities we want to see a break and retest of 124.000 with confirmed lower highs. Target lower toward major support levels.
This pair has been in a very strong bullish trend on all major timeframes.
Current price action is now retracing to form structure around the 38.2% fib level and major support around 124.000.
Look for strong bullish setups and lower timeframe transitions to enter long on. Target higher toward major resistance levels.
For us to consider short opportunities we want to see a break and retest of 124.000 with confirmed lower highs. Target lower toward major support levels.