EURJPY and GBPJPY: Potential long setups

Very nice potential longs setting up here, next week we might get nice confirmation to add to longs.
For now, this is a rather low risk entry, going with the trend in the daily. Risk half on each.
Short term timeframes show good momentum building up, and I see equities continuing to be bullish for a little more upside (S&P500 to retest the downtrend mode at 2082 at least).
After we close the gray horizontal lines on chart we can confirm the trade and add to them.

Good luck if taking these trades.
Have a nice weekend!

Ivan Labrie

Trade active:

If you bought market at the open, you're in decent profit already. :)

Comment:

Seems like I was shaken out of the GBPJPY long, I reentered with a slightly wider sl and small size to be in. I'll add if it proves to work. GBPUSD looks quite bullish, and USDJPY has pending upside. Oil is also rallying, this is good news for this trade. EURJPY looks fine.

Comment:

I reentered after the day turned up again. Was stopped at break even on my previous entry. (eurjpy)

Trade active:

Safe to reenter GBPJPY now, stop loss can be slightly under the lows (or a bit wider...think 1-3 atr)

EURJPY is looking really good, if not in, reenter longs, stop loss can be the same on my publication or a bit tighter even)

Comment:

We now have proper progress as the Nikkei is rallying, propelling yen pairs up.

Comment:

As soon as we're up for the day, we will test the resistance above I think.
I'm holding the trade open, only closed additional entries I took for now. (EURJPY)

I'm flat in GBPJPY (but long GBPUSD)