EURJPY weekly trade

٢٥ ديسمبر ٢٠١٥

i have a very bullish view of the EUR long term currently, with thousands of pips to the upside. trading below 130.4 means that im wrong. so there is quite limited risk at the moment for the reward. price is currently at the .764 retrace area. looking for a breach of the 100 MA or a reverse of downwards momentum.

for a near term target, the top of the channel. probably 133.7 would be a good initial target.