So almost the same move as my last EurJpy analysis I would like to see price come down to the area of resistance and test as support. This area is also at the 50% fib retracement and trend line. This will be a quick 80 pip move and will continue its way up from the broken inverted head and shoulders we had in the previous trade.
Trade active
EJ has reacted to trendline but took too long to get there to hit my limit I have entered by market and have changed my TP to 133.000 after further analysis
Trade closed: target reached
Original TP was hit and looking for one more push up probably at the beginning of next week to hit our updates TP of 133.
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