I wasn’t trading the EURJPY in the last weeks because it traded in not very well defined range (a little bit like the EURUSD range), but it looks like it is out of the range (finally).
Here is the chart:
So my trading plan is:
Wait for a small retracement, and if the market forms a significant pattern with upward pressure around the support level, I’ll go long.
What do you think about my EURJPY plan?