EUR/JPY Has been a ranging market for the most part.
Price has been ranging since May 2021.
this range turned to be a bullish flag, and price was in an uptrend in the weekly.
This gives us strong reason to long this market.
We recently broke out of the daily trendline and should look for continuations to the upside.
I expect price to retrace and respect previous resistance and let it become support, this is where we should look to long with our targets market in green.
EURJPY
Price has been ranging since May 2021.
this range turned to be a bullish flag, and price was in an uptrend in the weekly.
This gives us strong reason to long this market.
We recently broke out of the daily trendline and should look for continuations to the upside.
I expect price to retrace and respect previous resistance and let it become support, this is where we should look to long with our targets market in green.
EURJPY
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🐂EUR/JPY LONG
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