This chart of EURJPY shows that it is on an uptrend since November 2020 and reached resistance at 126.90. I like to trade this kind of trending pair especially when I see consolidation approaching resistance. I see this as building energy before potential breakout. I believe there will be a breakout in the following days but I think the best area to go long on this is at 126.08 because this is the support area of the 20 candlesticks which are consolidating. Furthermore, there is still a room for the price to go down because the RSI is pointing downward. I think I will set my target price 127.91 which is the 100% of the Fibonacci Expansion tool.
Let's see if my forecast will come true in the following days.