Greetings Forexia family, lets breakdown the analysis on EURJPY. As you can see from the bigger perspectives that the pair has been in an uptrend for quite while, which makes it quite obvious. Besides, the pair has been giving all the confirmations of retail traders to go long on the pair.
- Resistance becoming support
- Doji on the support
- Trendline hit
I went short on the pair. However, use this analysis as a guide tool for your trading.
Please use proper money management and lot sizes.