Just a thought – EURJPY

One of the charts which caught my attention is EURJPY. It is behaving very technically and from the long term and short term perspective it is offering decent opportunities. The best opportunity with highest RR probability I see in the 102 – 101 zone. There is a very nice congestion zone which supports the bullish view of the pair. The target would be previous daily high in the zone 104 – 105. With a decent stop this pair is unfolding a possible +6RR trade. Time will tell …