mert.kucukengin

EURJPY Continues it's climbing

Long
FX:EURJPY   Euro / Japanese Yen
EURJPY took enaugh power from ECB news last week to pass its consolidation area and reached it's 131.50 Minor Resistance band and tested it.Adding to this bad news from US side triggered all EUR pairs to go higher points. Expections will lead us till %50 fibbo line at 130.60 band to gain it's power on buyers again, to lead us 132.40 band by retracements on long term. Might see 131.80 band and after retracements.132.00 has a Major Resistance to pass can bring consolidation to this parrity again but if it breaks that resistance it will continue its way up to 132.80. Next Major Resistance stays at 135.50 band
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