TradersClassroom

EURJPY Retreating Back To Support?

FX:EURJPY   Euro / Japanese Yen
32 0 2
The Euro             just broke out of the range and has put in a new high. Right now it may be pulling back a touch. I will be looking to buy in the 138 area with targets of 140 and 142. My stop is going to be around 137.40. I will monitor this and even drop down to a lower time frame in order to find price action that hints at a reversal. Good Luck!
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