EUR/JPY Bounce is Expected
July 6, 2021
1 min read
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Dear traders,
The EUR/JPY is bullish and after a retracement we should see the price moving up.
EUR/JPY is bouncing off from the POC zone. 131.60 is where we should expect the market to go up. The first target is 131.87. The structure is bullish with the trend line which is supporting the bounce. Break above that level and 134.00 is next. If bullish momentum persists we should see 135.89. Have in mind that this is the daily timeframe setup and protecting profits is important.
The Analysis has been done with the Black Widow system.
Cheers and safe trading,
Nenad
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