EURJPY is really interesting.
Since we have broken the highlighted area on the daily. I could see this pair going back down to where it broke out, before we go any higher to 126.500 which is my target AREA. The 126.500 area is holding on really well for the past 6 months so this indicates its a really strong trend line and there is a possibility we wont break it. i will also post the 4 hour chart with it so it would help you lot, one last thing if we fall below the yellow highlighted area i could see this pair going to 124.400 before going back up to my 126.500 area
Since we have broken the highlighted area on the daily. I could see this pair going back down to where it broke out, before we go any higher to 126.500 which is my target AREA. The 126.500 area is holding on really well for the past 6 months so this indicates its a really strong trend line and there is a possibility we wont break it. i will also post the 4 hour chart with it so it would help you lot, one last thing if we fall below the yellow highlighted area i could see this pair going to 124.400 before going back up to my 126.500 area
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