EURJPY S/R Flip and a 0.81% (24% with 30x leverage) opportunity

EUR/JPY has come back to this very important horizontal zone. We have seen that it has functioned as support, but also as resistance.

Important to note is that this zone is right around a psychological area of 121 EUR/JPY value.

Right before the last breakout we saw very heavy push for a break through the resistance, with the price almost not dropping below the zone. Therefore I expect that now the bulls will push their way through, and after the most recent retracement this is the perfect buy opportunity.

With a 30x standard leverage of forex, we're looking at a potential 24% profit trade here.


Enjoy! And please like this post if you learned something.