EurJpy breaking higher?
- Hints suggest that EurJpy could break first resistance around 131
- W Pattern happened, Short could have been triggered but market looking very bullish
- If EurJpy breaks above previous resistance (W area) should act as support
- Notice that M pattern on Daily chart already occured and still in progress.
- Aslo notice that if you refer to CSA (set true into Indi for 1 chart only) it shows that JPY is the weakest currency right now.
This is the way I read chart and markets seems ready to break higher.
SL should be well located below Center Point @ 128 .95 area
TP @ 133 area