MAs, Trend line. Fibo retracement.
The EURJPY is up testing a cluster of resistance defined by the:
- 100 bar MA on the 4-hour chart at 132.71
- 200 hour MA at 132.701
- Trend line of the highs starting on Friday on the hourly chart
- The 38.2% of the move down from the Sept 22 high.
As I type, we just broke above all those levels and trade at a new session high of 132.79.
The close risk is the 132.70. A more conservative risk for longs would be the 100 hour MA at 132.60