EURJPY: Upside Opportunity – Action Forex

EURJPY, Daily

In the Daily timeframe, EURJPY broke the trend line after a short-term decline and is consolidating at an important resistance. On the Alligator, the lips crossed the jaw, indicating the possibility of further upside.

• We can consider buying EURJPY on consolidation above 163.500 with a target to 166.500;