EURJPY Buy (27/11/2018)

Over the weekend analysis of this pair indicated, opportunities in both directions. The catch being there is significant resistances aligned at levels 132 and above. The current price level holds a good number of supports which makes a convincing argument to long this pair till 130.80 (fib confluences aligned here).

However for the opportunities for short - The important thing to be aware of the daily price action to determine a short bais. If this case is validated 126.6 (critical support and fib confluence) and 126.000 are key areas.