Long entry follow up on the EUR/JPY

We have seen a few days back that the 135.00 level on the EUR/JPY has become a good resistance zone for this pair. Due to the fact that the price has been visiting more often this level, the probabilities of a bullish breakout have risen. That is why we have decided to take a long entry just above the 135.00 level, expecting a continuation to the upside after the breakout. The take profit level is just below the 136.00 level and the stop loss is currently at breakeven. Therefore, this position is risk free at the moment. Let’s see how the price keeps behaving around this area.