OfficialJ23

EurJpy Trade Update/Idea

Long
FX:EURJPY   Euro / Japanese Yen
Just a quick update on EJ longs and an idea for next week. I published an EJ set up basically stating that price is still in a range and we could expect price to tap back into 156.740 before possibly going long or wait on price to break and retest 156.740 for shorts. Instead of going short price ended tapping 156.740 before going long again into 157.088. Price ended up retesting 157.088 on the smaller time frames where I than decided to go into a buy for a clean 1:3rr. TP was hit! EJ confirmed the range once again. As of now price is sitting above 157.945 after respecting the resistance at 158.415. If EJ breaks and can give a retest at 157.945 for shorts I'll definitely look to short EJ next week!
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