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EUR/JPY Bullish Bounce Targeting 128.90-129.15

Nenad Kerkez
Updated

Hi traders,

The EUR/JPY has formed a POC zone close to D H1 camarilla pivot and H4 Bollinger Band middle line. The ATR pivot is also adding to the confluence.

If the price rejects from 128.40-45 zone, next targets should be 128.80 and 129.00. The move above 129.00 should target 129.15 on intraday basis due to ATR and strong D H5 resistance. Additionally, an ascending trend line is also adding to a positive bullish trend on intraday timeframe. Only a move below 128.15 might invalidate the current bullish setup.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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This article was originally posted on FX Empire

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