As you can see from the daily chart there is a clear uptrend at the moment for EUR/JPY. I plan to open this trade nearing the trendline I have placed on the chart, near the 129.500 support region if we fall lower, and hope for a bounce to continue the uptrend towards the 133.000 resistance region where we failed to break in April. My stop loss will be placed around the 128.400 area.
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