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Mihai_Iacob

EurJpy- Near important support, I favor longs

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Euro / Japon Yeni (FX:EURJPY)  
Mihai_Iacob  
FX:EURJPY   Euro / Japon Yeni
Trend Analysis Chart Patterns Technical Indicators EURJPY eurjpylong eurjpysignal eurjpytrade eurjpyforecast eurjpyanalysis eurjpyprediction eurjpyidea eurjpybuy
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trendanalysis chartpattern indicator eurjpy eurjpylong eurjpysignal eurjpytrade eurjpyforecast eurjpyanalysis eurjpyprediction eurjpyidea eurjpybuy
After finding local support in 121.50 zone, EurJpy rose quickly to 125 resistance where it found strong asks.
Now the pair is correcting this up move and is near 122.50 important support.
I favor long trades and a buy trade in this zone can have a more than 1:2 R:R
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