EURJPY Potential

By Hqboss
Updated
Economic Data released by Bank of Japan caused the Market sell the EURJPY but, the pair has been gaining Momentum and is looking Bullish.

Demand Zone $159, renders an engulfing Candle breaking the VWMA suggesting that Buyers are coming into the market.

Target is Supply Zone $163 & $166
What do you think ?
Trade active
Price is creating bullish structures, approaching our first target.
Comment
snapshot
Price takes out the buy side liquidity and continues upward, creating an IFVG awaiting the Inflation report today
Trade active
TP1 $163 hit, I'll keep monitoring the situation
Trade closed: target reached
Closing my positions, as I think We'll get a retracement soon
Candlestick AnalysisEURJPYeurjpylongSupply and DemandTrend Analysis
Hqboss

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