EURJPY - 240 - If it holds, then could be nice for the bulls
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Quick idea.
If EURJPY continues to balance above the short-term downside resistance line, this could attract the bulls back into the game and we may see the pair rising again. That said, if the risk-on environment changes to a risk-off one, then there might be a chance to see some increased yen-buying, which could push EURJPY back down again.
Please see the chart for levels and targets.
Don't forget your stop-loss.
If EURJPY continues to balance above the short-term downside resistance line, this could attract the bulls back into the game and we may see the pair rising again. That said, if the risk-on environment changes to a risk-off one, then there might be a chance to see some increased yen-buying, which could push EURJPY back down again.
Please see the chart for levels and targets.
Don't forget your stop-loss.
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