- EURJPY has broken above the resistance of 129.880 and touched the level of 130.680 since mid-August. Both signify an overall uptrend.
- The correction from early September could possibly end at the 0.236 fib level and give rise to an inverted head and shoulders.
- Stop loss is set at the bottom of descending channel. But if the price breaks below the level of 128.530 substantially, I think it could head back down towards 125.400.
Trade fermée manuellement:
Stopped at entry.