Euro / Japanese Yen
Long

EURJPY 4hour Analysis December 20th, 2020

288
EURJPY Long Idea

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

Trade scenario 1: We’re looking for long scenarios and to ride the overall bullish trend. Current price action is forming a higher low and could present entry confirmations fairly soon. Look to target higher toward key resistance and negative fib levels.

Trade scenario 2: Price action will remain bullish until 126.000 is broken and retested with a confirmed lower high below.

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