FTnalu

EUR/JPY were to next?

OANDA:EURJPY   欧元/日元
As we can see price has stalled and consolidated between the regions of 131.000 and 133.000 with no real bias as to were it wants to head. Based of higher time frames my bias is Long on this pair, with potential of reaching 135.000. But i know we are due a pull back, we can even see price dip down to 130.000 before heading back up. All we can do now to have a better confirmation of a bullish bias is wait for a lower high to break and wait for some type of pull-back/retest of previous resistance now new found support. Lets be patient and let the market come to us and give us a 90% probability trade. Good luck traders! and lets catch some Pips.
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