EURJPY: Bullish, and looking for long opportunities
The EURJPY traded for a few days in a range in between 132.78 and 134.40, it was a pretty defined range, but it only had around 160 pips in between, making it hard to find good swing trades. However, the EURJPYalready broke the top of that range. Take a look at the next chart:
It is trading above that range and it will probably continue its way up until the next long term resistance level is reached.
My Trading Plan:
As long as the EURJPY keeps trading above 134.40 I will be looking for long opportunities and will target the next resistance level around 137.42.
All short opportunities will be ignored.