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

EURJPY Analysis


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 .