22/07/2013 6:30 GMT

After elections in Japan and victory of Abe’s political party there was some sell-off on Yen – and it was probably profit-taking.

Same situation was on EUR/JPY, price bounce from Kijun line and gave buy signal. Bullish trend is very clear, so it’s opportunity to add to existing longs or open new one.

Target is ar least on last maximum from D1 so over 200 pips. Stop loss when H4 candle will close below Kijun.

Ichimoku - long signal on EUR/JPY

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Comparic.com Editor-in-Chief. Trading since 2004, professionally connected with Forex market since 2006. Fan of technical approach to the markets – currently focuses on Ichimoku Kinko Hyo and Price Action strategies. He focuses on favorable risk-reward ratio in his own transactions. Speaker at many conferences on investment in capital markets, as a lecturer he cooperates with the largest brokerages in Poland and in the world. Vice President of the FxCuffs Foundation – Education and Development of Financial Markets.