Eur/Jpy Long swing
On longer timeframe I am looking for shorts on Eur/Jpy but in nearest time I expect some kind of pullback up to MA20 and possibly up to trendline seen on dailychart.
For entry look for confirmation in priceaction. It may take couple of days into next week to see what price wants to do. 154.500 is a good place to enter. If price falls straight through support than wait with pulling a trigger. In this case area under lows can be a good place for long entry. But it price struggles to move lower it's your sign to go long.
For target aim for MA20 around 158.500 on dailychart and if price looks to hold here expect more upside, up to current highs around 163.00
Stop-loss under major lows.
For entry look for confirmation in priceaction. It may take couple of days into next week to see what price wants to do. 154.500 is a good place to enter. If price falls straight through support than wait with pulling a trigger. In this case area under lows can be a good place for long entry. But it price struggles to move lower it's your sign to go long.
For target aim for MA20 around 158.500 on dailychart and if price looks to hold here expect more upside, up to current highs around 163.00
Stop-loss under major lows.
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