Bullish bias domination,
Updated
The EURJPY pair formed new bullish channel recently to confirm the affection by the bullish bias domination, while the main support line consolidation at 128.65 besides the price stability above 38.2% Fibonacci correction level at 128.85 reinforce the continuation of the positivity, to expect targeting 129.65 followed by 130.20 levels in the near term period.
Stochastic success to reach the overbought areas agrees the bullish overview by providing the required positive momentum to resume the suggested targets.
Currency Pair: EURJPY 0.10% 0.09%
BUY Limit Entry Price:1.29300
Take Profit:1.30200
Stop Loss:1.29300
Capital Risk:500USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 500USD
Risk/Reward: 1:1
Stochastic success to reach the overbought areas agrees the bullish overview by providing the required positive momentum to resume the suggested targets.
Currency Pair: EURJPY 0.10% 0.09%
BUY Limit Entry Price:1.29300
Take Profit:1.30200
Stop Loss:1.29300
Capital Risk:500USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 500USD
Risk/Reward: 1:1
Note
Stop Loss:1.28300
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