EURJPY - Live Trade in Profit, Large Corrective Structure In Play | Oct 12

eurjpy price action 2ndskiesforex

My current active open trades: ​USDCHF, EURUSD, XAGUSD, EURJPY, AUDUSD (option), $Sber

EURJPY – Aggressive Long Trade on ST RRL In Profit (4hr chart)
In line with my bullish view as stated in our weekly price action commentary, I decided to take an aggressive long on the ST RRL around 114. Currently that trade is in profit about +85 pips at the moment which you can see below.

I’m expecting a move up towards the top of the large corrective structure resistance near 116.19 where I’ll look to take profit. A rejection here puts 114 back into focus while a daily close above 116.30 opens up a much larger move towards 118.

 

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