On the EURJPY daily chart, we can see that the pair has broken below the flag bottom 120.400 and is now likely to test 100 and 200 SMA confluence and 50% Fibo retracement of 0ct-Dec 16 swing up 118.358. This level is the strong upside support and could be an ideal long entry.
Happy trading! (click on the chart to enlarge it)
Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position Risk Free. If you want to learn all about it and become a professional Trader, sign up now and become a member here
Premium membership plans with the partial refund on trade alerts!