QuickPipsForex

EURJPY DAILY TIMEFRAME ANALYSIS

FX:EURJPY   Euro / Japanese Yen
EURJPY On weekly Time-frame has already broken above 130.000 resistance zone which is currently acting as a support, This week is important for this pair, we are looking into it on Lower time frame if price break and give confirmation below 130.800 which is holding firm support since last then we can see it going to 130.000 and from that point we will be taking a long trade and 130.000 is also a 62% Fibonacci region.

Or

If the price stays above 130.800 and if we see a break above bearish 4h Trendline then we will go long till next resistance region which is 133.000

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