EURJPY: Resuming Breakout?

FX:EURJPY   Euro / Japanese Yen
1491 17 16
Update 2: Stopped out . Profit(pips)= -80x2=-160
Update: Trade is active now.

A possible long here on a breakout above key resistance levels,

-The price may have completed a bottom for now after taking the main descending resistance,
-The 200-days SMA a
-Horziontal resistance at 139.25
-A potential bullish hammer candle today

I am looking to long the pair around 139.70, targeting 141.00 and 142.30. With a stop loss at 138.90.

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1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
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I think the decline continues on 137.900
Update 2: Stopped out . Profit(pips)= -80x2=-160
+1 Reply
what about use/jpy, up too?
Trade is active now.
+1 Reply
bogdan.saenko Technician
Are U long for the target U have specified on the chart?
Technician bogdan.saenko
I am long yes. If i change my targets i will post here.
+2 Reply
bogdan.saenko Technician
Thanks for your answer!
thank you
+1 Reply
thanks for this post
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