EURJPY: Broke resistance, long trades in play

Today almost all major pairs and crosses are trading in a small range, but not usual ranges, most of them trade in a erratic range, making it very difficult to trade. But the EURJPY, just broke that range for the upside. Please take a look at the next chart:

EURJPY
EURJPY

My Trading Plan:

As long as the EURJPY keeps trading above 134.82, I will be looking for long opportunities targeting the next long term resistance level around 137.90.

All short opportunities are out of play.

Good luck!

Raul Lopez

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .