FX:EURJPY   Euro / Japanese Yen
906 11 17
This is a quick view on the EURJPY             pair, the price has hit a key long term support at 136.22 in addition to the support for the main falling channel . We might see the bounce extend further towards the shaded resistance area . However, watch carefully if we reach there, as we might see renewed bearish pressures and potential shorting opportunities. A break back above that area may extend the bullish rebound towards the main descending resistance for the channel.

Note that Taking back 136.22 support level would be seriously bearish .

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Nice clean chart mate and good short set up from mid channel. Even though we are divergent I am too late for the long trade. Thanks for posting your ideas.
I really liked this analysis Iwill be following it I wish you luck
Ok. I have a couple of positions open also but the EurJpy seems too good a setup to miss. It is 1 am in the UK right now so I will look at it first thing in the morning and hopefully it's not too late. I would also know how my audusd performed.
Technician PRO DerekUweri71
Then good luck to both of us.. :)
Technician PRO DerekUweri71
Market is pretty slow today
Not willing to take such a good set up??
Technician PRO DerekUweri71
Well, i have other positions running :). so i am waiting for now.
Good set up. Inverted Head and Shoulder on the 4hour chart. What is your trigger for entry ?
Technician PRO DerekUweri71
Actually, this was just an analysis, not willing to long. Maybe if i see nice candle setup i would.
I really enjoy your charts. You've posted some great opportunities. Keep 'em coming! Thanks.
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