The EURJPY broke an important resistance level and it will probably head to the next LT resistance level. If we take a look at the weekly chart, we’ll see the it has a long way to go before the market hit the next 1W resistance level:

You got to be careful though, keep in mind that we are talking about the weekly chart and it could take a while before the market hits this resistance level. I would say at least two weeks, but If you trade the long term charts, I would recommend you to look for long trade opportunities (in your own risk of course).

Trade Safe
Raul Lopez