EUR/JPY is Bullish but Watch for Resistance

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

EUR/JPY is still bullish. However, there is a sign of profit taking.

The market is still bullish. Yen is weak but we came to D H3 camarilla pivot level where we could see a drop. If the market continues to range between resistance and support 131.25 and 130.74 we should see a possible renewed bullish momentum.

D L4 130.20 is buying zone on a deeper pullback. Higher targets only if the price breaks 131.25.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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