EUR/JPY: bullish momentum to the upside

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Euro / Yen Jepun (FOREXCOM:EURJPY)

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FOREXCOM:EURJPY Euro / Yen Jepun

trendanalysis chartpattern beyondta eurjpy symmetricaltriangle priceactionanalysis psycology demandzone keyzone pivot_points

Euro/Yen Japanese it's look bullish in this side. Right now, we see that EUR/JPY made this break-out of this little symetrical triangle and then, we would need to hope a possible pull back at $134.28 JPY what it's recommend to add an alarm in that price $134.28 JPY to being informed when price hit the alarm. So, from this perspective I see a long position.

This it's the H4 timeframe and we see a long position what EUR/JPY could to make reaction to $135.78 JPY

And to watch, in Daily timeframe we have a key zone of demand in this yellow zone around $133 JPY with possible chance to go up.

I hope that this analysis support you!!!

Komen:

Hello guys, I suggested to buy EUR/JPY now, The price continue in this bullish side as we don't see any little drop to the $134.25 JPY for now, and in what I mark in black circle it's that the price action it's speak us to bought!!!

Stop Loss to $134.30 JPY
Target to $135.80 JPY

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