EURJPY LONG

EURJPY reacted off its first resistance level at 130.440 (61.8% Fibonacci retracement , horizontal swing low support 61.8% Fibonacci extension ). A strong reaction might occur at this level pushing price up to our major resistance at 132.190 (Horizontal swing high resistance).

RSI (14 period) is also approaching highs of 47%, a good precursor for a potential rise should it react off this level.

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