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:
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.