EURJPY is testing the strong long-term resistance
EURJPY is testing the strong resistance confluence 126. A confirmed break above this resistance is giving us a higher probability of the long trade entries. A break below 126 is now required for the downside reversal. The overall medium-term is an uptrend and we need to see a confirmed break above 126.50 for the upside extension to 130. Any dip to the 125 should be used for the long trade entries.
Note – We are inclined to long trade entries with the stop loss below 126 upon a confirmed break above 126.50.
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