EURJPY: Classic Trend Following Setup 🇪🇺🇯🇵

Long

Euro / Yen Japonais (OANDA:EURJPY)

OANDA:EURJPY Euro / Yen Japonais

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EURJPY is trading in a bullish trend.

After the price set a new higher high on a daily,
it retraced to a key daily horizontal support.

Test of structure made the pair start consolidating.
The market started to coil within a narrow horizontal trading range.

The resistance of the range was broken today.
It is the important sigh of strength of the buyers.

We can anticipate growth at least to 160.85 level.

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EURJPY: Classic Trend Following Setup 🇪🇺🇯🇵

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