EURJPY
EURJPY is currently in a long-term exhaustion phase, from a strong bearish dominance.
This means we are in a med-term bullish phase, meaning we are looking for bullish trades.
Currently, price is travelling from crucial support to dynamic resistance.
This trade is just a little piece in that long-term bullish puzzle.
I will be watching price action for a rebound of this fresh downward wedge breakout, to go long to the +27% Fib level.