Euro / Japanese Yen
Long

EURJPY 4hour Analysis May 30th, 2022

322
EURJPY Bullish Idea

Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish

Trade scenario 1: We are now bullish on all timeframes on EJ. Price action is currently breaking 137.000 resistance and now we are waiting for new structure to confirm the break.

Look to enter long after the higher low is confirmed.

Trade scenario 2: For us to consider EJ bearish we need to see a break back below 137.000 with a significant lower high.

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