EURJPY, EURJPY, EURJPY, EURJPYTrade Idea
Intraday, and we are between bespoke support and resistance 122.17-123.20.
The selloff has posted an exhaustion count on the intraday chart.
Levels close to the 78.6% pullback level of 120.68 found buyers.
Price action has formed an expanding wedge formation.
The medium term bias remains bullish.
Further upside is expected and we look to set longs in early trade.
We look to Buy at 122.17
Stop: 121.77
Target 1: 123.20
Target 2: 125.60
Trade active
Buy idea triggered.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.