Yesterday we wrote about the weekly outlook of the EURJPY, on the weekly chart the market was bullish, today we can confirm what we wrote in the daily charts, it is also in a bullish market condition:
And as you already know, when the market is in a bullish market condition, its time to look for long trade opportunities.
My Trading Plan:
As long as the EURJPY keeps trading above 132.03 I will be looking for long trade opportunities. My next long term resistance is placed at 135.20.
All short opportunities will be ignored.