EURJPY Possible Breakout and Bullish Harmonic Formation

Fibo 23.60% Retracement of XA movement works as a resistance. ( 133.750 )

We have a triangle pattern on the H1 Chart.

If EURJPY breaks below ( Possible levels 1.33.360 ) the target will be 133.040 and 132.300 ( A possible Bullish Harmonic formation targeting the D point )

If EURJPY breaks above the target will be 134.400 - 134.200 ( Possible break out level 133.800)

I suggest that keep an eye on this triangle and enter the trade in the same direction of the breakout.

Commentaire:

EURJPY MADE 40 pips and reached the Fibo 50% as predicted

if breaks below fibo 50% 132.700 and 132.300 will be next targets

And our area of long entry will be 132.300 - 132.000 region

Commentaire:

Fibo 78 worked and tested Fibo 61.80 132.720 ... breakout of this resistance is important... 133.000 and 133.350 will be the next targets if breaks out