Telson

EURJPY Break-out Performance

Short
FX:EURJPY   Euro / Japanese Yen
Looking a few days back, there is a excellent morning star signal that does not quite come through until the news today where the 123.000 level was retested (false break).

Looking at the structures performance there is still a bit left to go with open retracement opportunities (scalping short-term buys).

Price expected to reach the 120.800-120.750 range where the should be some support for the buyers from older structure (Opening Price on 24/06/2016).
Having passed this I do not see any reason not to reach the 120.000 -ish level.

Hope you made your pips today.
Trade active: Bear in mind that a falling wedge formation on an uptrend signals trend continuation but we are taking this approach as a retrace of the strong bull move over the past few weeks.

Always monitor your trades and make sure you set profits AND stop losses wisely to end an order.