EURJPY is currently between a resistance zone and a supportive trendline. Once price reaches the trendline, traders can wait for either a rejection at the trendline to open long positions targeting the resistance zone, or a break and retest of the supportive trendline for a good risk to reward short position. My bias is bearish and I will be looking to go short on this pair soon.
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Best of luck traders!
Be sure to follow me for more ideas and analyses. Leave a comment with your thoughts below.
Best of luck traders!