EURJPY is currently within a channel and has been respecting it really well. We recently saw multiple rejections on the daily timeframe of the channel support, indicating that there's bullish pressure.
Trade Idea:
- Watch for lower timeframe bull flags or a breakout
- Enter with stops below the channel
- target the mid channel as first TP (300pips) and channel resistance as second TP (500pips)
Goodluck and trade safe!