Keep It Simple - Clean EURJPY Opportunity Support and Resistance

29 feb 2020

This 200 pip opportunity is staring us in the face. After a clean bounce on the support zone we get to expect a small retracement on the 4h to the level of resistance. We can observe a strong rejection in form of a hammer on the support zone, which creates a very bullish bias.

This opportunity has a great Risk-Reward and should be added to your list of ideas for when the market opens again after the weekend.

Support levels are around 118.50
Resistance levels can be found around 121.20