Investoid

Possible Long after Downtrend?

Long
FX:EURJPY   Euro / Japanese Yen
0
1st Idea on here seeing how it goes!
Price is currently supporting on 3 month lows @ 134.60 levels
Next resistance is @ .236 fib retracment just below Kijun-sen on the 4hr timeframe
A break of those levels could expose the .5 fib @ 140.95 price range

1st possible entry @ close of the 1st 4hr candle @ 135.470
1st Take Profit just below .236 fib resistance @ 137.470
Stop Loss just below 134.552 support @ 134.570

A possible 1/2.5 risk/reward scenario...... Happy Trading!