7pasos
Long

Technically there is a chance to long

FX:EURJPY   Euro Fx/Japanese Yen
341 6 1
Given the triangle that in RSI had given a good pre buy signal we find that if the price confirm the upside break out, the chances for a long to the weekly resistance zone of 137.82 are good.

Therefore we will wait to see a close above the 129.95. At one to one risk reward ratio, place the stop at break even and then wait to see if the price reach 137.82. Just keep in mind that the minimum target for the triangle get accomplished at 135.86
will close this post but possibly in the future will re analize this chart again
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This still alive with stop loss at break even just by miracle, lol!
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On the weekly xxx/JPY are showing bearish signs
snapshot


I think upside is limited. I will sell rallies.
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Patience is a virtue...
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7pasos PRO darkrabbit
Agree
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This triangle could be observed as clear in daily as in this 240m chart, so perhaps would be better to expect for a daily close
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