The EURO JPY and CHF JPY have given signals on their Daily Charts to begin bullish breakouts over the next few days. The Daily Charts had formed Consolidation patterns as they moved sideways over the last several weeks and now appear ready to start a new uptrend. Trading them aggressively can give 180 to 200 pips each and 360- 400 together.
EURO JPY - DAILY CHART
The next major target would be the Resistance of 145,67. An identical patterns can also be seen on the CHF JPY. In this case, the Resistance target is 119,75.
CHF JPY - DAILY CHART
Trading them can be done on either the Daily or 4H Charts depending on your capital and trading parameters, but these charts offer the best entry setups given their stability. The stop losses used on these charts can be consolidation patterns and trend lines which are usually stronger and more reliable than those on the smaller time frames.
Happy trading.
EURO JPY - DAILY CHART
The next major target would be the Resistance of 145,67. An identical patterns can also be seen on the CHF JPY. In this case, the Resistance target is 119,75.
CHF JPY - DAILY CHART
Trading them can be done on either the Daily or 4H Charts depending on your capital and trading parameters, but these charts offer the best entry setups given their stability. The stop losses used on these charts can be consolidation patterns and trend lines which are usually stronger and more reliable than those on the smaller time frames.
Happy trading.
