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EURJPY - Bullish Continuation

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Euro / Yen Jepang (FX:EURJPY)  
ForexVader  
FX:EURJPY   Euro / Yen Jepang
euro yen EURJPY EUT jpy LONG Bullish Patterns Trend Lines trend trendcontinuation price priceaction
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euro yen eurjpy eut jpy long bullish trendline trend trendcontinuation price priceaction
After a Double Bottom formed through March/April, price has successfully broken through the 50/200EMAs.
Since breaking through the 138.00 SR level, price has been consolidating for a few weeks now.
In this sideways movement price has intercepted the prevailing trend line and simultaneously tested it alongside the 138.00 Support.

Next significant resistance is 142.00, providing a 2.4:1 Reward:Risk.
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