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EURJPY Technical Analysis

Technical Analysis of EURJPY: Strong Bullish

EURJPY
Strong Bullish
121.600, 125.100, 127.100, 129.300, 133.000 Price close above 129.300 level, expected to rise further. Price managed to break 129.300 level and close above the level after retest last week. The opening price for this week spotted below 129.300. This indicates, there are possibilities for the price to drop to 127.100 then continue to rise. We will be looking for bullish price action pattern around 127.100 or 129.300 level in order to go long after the bounce on the weekly chart. The stop loss will be below the monthly support 121.600 level and looking forward to the next possible profit target at 133.000.

EURJPY Technical Analysis
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