EUR/JPY Long Setup
Updated
- EMAs crossover on the H1.
- 38.2 fibonacci level fulfilled, retracement could be over and EUR/JPY should fly and form a new higher high towards 134.00 region.
- Daily support level of 131.81 has held up and price has rejected this on the D1.
- Both EMAs acting as a dynamic support on the H4.
- 38.2 fibonacci level fulfilled, retracement could be over and EUR/JPY should fly and form a new higher high towards 134.00 region.
- Daily support level of 131.81 has held up and price has rejected this on the D1.
- Both EMAs acting as a dynamic support on the H4.
Trade closed: stop reached
Momentum was still bearish, daily support didn't hold up
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