EURJPY D CHART
BULLISH BAT PATTERN
I’M GOING FOR THE EXTENDED MOVE UP TO THE 0.618 TARGET AT 135.25. WE HAVE CONFLUENCE IN THIS AREA WITH THE 1.618 FIB EXTENSION USING THE RECENT UPLEG.
EURJPY 4HR CHART
USING THE RECENT UPLEG, THE MARKET LOOKS TO BE FINDING SUPPORT AT THE 61.8% FIB RETRACEMENT LEVEL. THIS SUPPORT RANGE IS IN CONFLUENCE WITH PREVIOUS STRUCTURE RESISTANCE AT 128.50. PREVIOUS STRUCTURE RESISTANCE WAS BROKEN LAST WEEK, SO PRICE WILL LIKELY FIND SUPPORT IN THIS AREA.
EURJPY 1HR CHART
BULLISH BUTTERFLY PATTERN
STOP @ 127.90, ENTRY @ 128.70, TP @ 135.25
80 PIPS : 655 PIPS (RISK : REWARD)
MOVE STOP TO BREAK EVEN AT 129.80
LEVELSFX 