Express trade EUR/JPY on an hour chart
I saw the EUR/JPY break above the resistance line once today at 1pm, however I am looking for a candle stick to close above the 129.1 level to confirm a long trade. I see a potential move of 150 points should the trade go accordingly.
Trade summary:
Long EUR/JPY (Hourly chart)
Target price 2: 130.60
Target price 1: 129.90
Entry: 129.10
Stop loss: 128.50
Remember... trade responsibly, your capital is at risk and trading can lead to capital losses.
Until next time, I wish you profitable trading.
All charts sourced: Bloomberg
Odwa Magwentshu | Trading Specialist at GT247.com
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