Although euro GDP print a lower growth than the expected (actual 1.7% forecast 1.9%). still EURJPY inviting a bid around key level 127.900. on the daily time frame we can see clearly a pin bar candle closed on Friday last week, and if if you go to the intraday timeframe, a H&S formed around the key level that i just mention.
Trade Idea : look for buy signal upon retest after a break of H&S neckline, it is align with the 200MA on 1hr timeframe. target 4hr 200MA with stop below todays low.
Trade Idea : look for buy signal upon retest after a break of H&S neckline, it is align with the 200MA on 1hr timeframe. target 4hr 200MA with stop below todays low.