EUR/JPY Daily Chart Might Turn Bullish

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The EUR/JPY might make a possible bounce in the zone as the price is supported by historical buying.

We might see a nice move in EUR/JPY as the price is in the POC zone. If 127.00 stays strong we could see rejections between 127.10-128.00 and the market might go up. If that happens, targets are 130.45, 131.30 and 132.26. This is a possible swing trade idea and it can take some time to develop.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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