Euro / Japanese Yen
Long

EURJPY 4hour Analysis May 8th, 2022

383
EURJPY Bullish Idea

Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish

Trade scenario 1: Looking bullish again on EJ as this consolidation is seeming to end.

We are looking to enter long once we can confirm this higher low above 137.000. Look to target higher toward key resistance levels.

Trade scenario 2: For us to consider EJ bearish we would need to see a break of 137.000 with a lower high below.

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