I longed the Eurjpy awhile back and it basically hasn't done a thing. I had a request to re analyze the chart so this is my current outlook on the pair. I am still long this pair until the stop at the red line is hit. My first target would be the obvious descending trend line. 2nd would be the SD listed level and finally the 3rd will be the top triangle. Im still committed to long term longs on this until otherwise verified by price action. Take note at the 1st target i will be very careful to have stops in profit in case of a TL rejection.
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Just picking up cheeky pips on the way to the trendline. Thats where the main decision will be
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I want everyone to be careful if you are long here, we are retesting the underside of a triangle the the last daily candle has bearish tones. It could very well keep going up so just pay attention at the open and dont be afraid to take profit until the real set up presents itself later on
