EURJPY LONG

After an impulsive move to the upside, EJ has retraced and retested the previous high, which aligns perfectly with 61.8% fib retracement level. Lower timeframes show a bullish market structure (Broke and retested a resistance level). Now anticipating a continuation of the bullish trend.

First target - High at 127.000
Second target - Higher timeframe resistance level - 127.500