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theforexarmy

EURJPY buy above support one last time

Long
Euro / Japanese Yen (FX:EURJPY)  
theforexarmy  
FX:EURJPY   Euro / Japanese Yen
EURJPY eurjpyshort eurjpyidea eurjpydaily eurjpynews eurjpylong EUR jpy eurjpyanalysis eurjpy1hr eurjpylongsetup eurjpysell eurjpysignal
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eurjpy eurjpyshort eurjpyidea eurjpydaily eurjpynews eurjpylong eur jpy eurjpyanalysis eurjpy1hr eurjpylongsetup eurjpysell eurjpysignal
Buy above 119.62. Stop loss at 118.63. Take profit at 121.08.
Reason for the trading strategy (technically):
We look to buy one more time above 119.65 support (major horizontal support, Fibonacci retracement, EURUSD positive correlation) for a push up to 121.08 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (21,5,3) is seeing strong support above the 6% level.

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EURJPY right above strong support, remain bullish
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