EURJPY Daily Analysis 1/5/20

EURJPY Long Idea

This daily time-frame has been very bullish and is looking to continue this trend. Let’s keep in mind that the weekly and monthly time-frames are bearish

On the daily we can see price action has pushed back down into the range between 119.500 - 120.000

Before we can enter a trade and continue with this bullish trend we need to see a break and retest of 120.000 with plenty of confirmations

We are looking to target toward 123.000 once we have identified significant confirmation