Is EURJPY likely to continue upwards to 130.987?
EURJPY weekly chart has rejected the candle from the at 124.583.
On daily, after two rejection candles it’s testing the next level.
At 4 hourly chart the price action is consolidating just below 127.131. If the level is broken, there is a likelihood of this trade going up all the way to 130.987 with TP1 @ 127.644, TP2@ 128.076, TP3@ 129.361 and TP4 @ 130.987.
Stop loss just below last swing.
I have placed a buy stop order and waiting for the trade to trigger off.