EURJPY nearing channel support

Bank of Canada :No Change in Interest rates Text from BoC Press release
Australian Dollar:Rates hike in focus
UK CPI rises 1.3% YoY in December vs. +1.5% expected.
USDINR opened lower
EUR/USD headed multi-year downtrend on daily

EURJPY nearing channel support  next trade we are looking to long in euro/yen .Its seem euro had broken support on daily but eur jpy has holded two cable point 119.35 targeting next 100 pips near 120.35 .

Why gone long on this pair 
 1)He thinks euro have more investor upto news there is overall downtrend in euro as compare to stronger USD .

2) Technically according to cable the down cable and up cable crossing at 119.35 according to his charts 
3)RSI has positive diversion but still bearish zone persist .
4) chart have been posted for further details
 
and there is no other reason he stated .
 
looking at 4 hr chart you could be able to mark the lines and you would also figure to long from there with  mere 10 pips stop loss i.e 119.30 i.e risk 10 pips and reward 100 pips very awesome trade.




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