EUR/JPY - BULLISH FIBONACCI FOR 400+ PIPS
Looking at this pair we can see we are making higher highs and higher lows.
The Fibonacci has had a touch of the 38.2% retracement level which is also inline with strong Monthly support.
On the Daily TF we have had a breakout, retest, continuation at 138.00.
I think we are now about to see a bounce of the inner trend line, a good entry would be at a break of the counter trend line.
Target 1 is 143.00 which is also in line with the double top neckline range, the Fib D1 target, and Weekly Mid-Range resistance.
The Fibonacci has had a touch of the 38.2% retracement level which is also inline with strong Monthly support.
On the Daily TF we have had a breakout, retest, continuation at 138.00.
I think we are now about to see a bounce of the inner trend line, a good entry would be at a break of the counter trend line.
Target 1 is 143.00 which is also in line with the double top neckline range, the Fib D1 target, and Weekly Mid-Range resistance.
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