EURJPY: LONG

٩ يناير ٢٠١٧

This pair has consolidated after an impulse move up. Looking for the pair to break and close above previous high to continue going long. If price falls back down. I will look to long again at 122.270 and reaching extended target at 127.2 fibs level. Good risk reward. I doubt pair will go back to 122.70. I believe it will keep pushing higher for the rest of the week. Retest the structure on Monday or Tuesday and continue higher for the remainder of the week.