EURJPY Over 2,500 PIPS!! Setup!
Watch for any break of trend line.
Multiple confluences, starting off with the indecisive candles retesting off the monthly 50% FIB and the weekly Support lines. Gathering the momentum from these indecisive candles and if the news release projects positive numbers I believe there could be a break of the weekly trend line, pushing the EUR/JPY into a fresh new uptrend. TP will be placed a few pips below the next FIB point and the SL will be placed just below the monthly 50% FIB point.
Multiple confluences, starting off with the indecisive candles retesting off the monthly 50% FIB and the weekly Support lines. Gathering the momentum from these indecisive candles and if the news release projects positive numbers I believe there could be a break of the weekly trend line, pushing the EUR/JPY into a fresh new uptrend. TP will be placed a few pips below the next FIB point and the SL will be placed just below the monthly 50% FIB point.
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