Higher lows grinding into resistance zone giving hints of impending breakout.
Price acceptance at Friday's highs and trendline. If we see further consolidation we may have a buy opportunity to previous highs.
We seem to have a more bullish sentiment now and will watch for a break of Friday's high. TP target at previous highs.
EURJPY buy opportunity next week (6/20/22) as we saw Friday's Daily chart close a bullish engulfing as well as finding support on 20 EMA, trendline, and 135.50 level. First target is at previous Daily highs. May have more buy opportunities in the form of a breakout from previous highs if we see consolidation at that level on lower timeframes.
Buy Opportunity possible early week startinng 6/13/22. Price consolidating and pressuring 134.50 level, posting higher lows and grinding into that resistance level. First TP around 135.50, 1R Trade. www.tradingview.com
We may have on opportunity to buy EURJPY pair on a breakout of 136.50 level. Further consolidation at that level indicative of possible breakout, maybe to retest 138.00 handle . Both H4 and D1 charts showing price coming up into that 136.50 level repeatedly, forming an ascending triangle.