Possible long opportunity on EUR/JPY.
Price has shown signs of rejection at support around the 126.00 level. If rejection continues and we get confirmation of bullish momentum I believe price could reach the resistance at the 126.70 level.
I will look for strong bullish 4H candles as well as signals from the MACD and RVI.
Remember there is important EURO news out tomorrow at 10:00 AM GMT so be careful if entering this trade before this time.
Price has shown signs of rejection at support around the 126.00 level. If rejection continues and we get confirmation of bullish momentum I believe price could reach the resistance at the 126.70 level.
I will look for strong bullish 4H candles as well as signals from the MACD and RVI.
Remember there is important EURO news out tomorrow at 10:00 AM GMT so be careful if entering this trade before this time.