EURJPY: Dips keep getting bought!EURJPY
Intraday - We look to Buy at 145.65 (stop at 144.80)
There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 147.25. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 148.15 and 151.00
Resistance: 147.25 / 151.00 / 155.00
Support: 144.30 / 141.70 / 138.
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