EURJPY is trending nicely on the daily timeframes. We have just tested this daily trend with a nice rejection.
4hr we are looking at taking a long trade of this break and retest of the 4hr 50 ema having retested the previous 4hr resistance which has now turned support lining up nicely with the strong daily trend.
We are looking to take this trade long into the next daily/weekly level around 127.00-127.500 which lines up nicely with our fib extension levels.
Please comment your thoughts below!
Lukas - TradeDistrict
4hr we are looking at taking a long trade of this break and retest of the 4hr 50 ema having retested the previous 4hr resistance which has now turned support lining up nicely with the strong daily trend.
We are looking to take this trade long into the next daily/weekly level around 127.00-127.500 which lines up nicely with our fib extension levels.
Please comment your thoughts below!
Lukas - TradeDistrict