EURJPY currently in a historically very strong range of support and resistance (as shown with the white lines) It seems to be consolidating right now and we are expecting more consolidation in this range before an eventual breakout. Therefore, longing this at the moment seems appropriate. Always perform your own analysis and set proper risk management.Trade closed: target reached
Took profit at 125.930. This is a strong resistance level and also vert close to a whole number so we will wait to see what happens before reentering this trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.