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EURJPY 4hour Analysis June 12th, 2022

Long
FX:EURJPY   Euro / Japanese Yen
EURJPY Bullish Idea

Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish

Trade scenario 1: Looking very bullish on EJ still but we can see price action is pulling back to our 140.000 level.

From this level we’re looking for some sort of bullish reaction with strong setups to enter long on. Look to target higher toward 144.000 resistance if can spot a clear higher low above 140.000

Trade scenario 2: For us to consider EJ bearish we need to start seeing structure below 140.000 support.

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