The EUR/JPY is trending higher on the larger time frames. See the image of the W1 time frame below. The current resistance breakout point is 140.25, shown on the chart below. You can set a price alert there. When the alert hits check The Forex Heatmap® to verify the buy entry. The overall upside potential is to as high as the 148.00 area, see the red lines on the chart. This is about 775 pips of overall potential, so the money management ratio is excellent on this trade. This trend analysis was done with some exponential moving averages we provide to all forex traders.
EUR/JPY Analysis 6-3-2015
