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.

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 .