EURJPY 20 May 2020
A Flag formation has developed on the EURJPY, looking at the 1hr timeframe the blue elipse shows the testing of the new market price and should remain above this level. Look for a upward movement to test the 118.700 resistance level. The RSI is not overbought and is in the buy range so look for some bulls to enter at this new MP and for any gains upward. (This information is purely speculative and we do not accept any gains or losses that may result from our analysis)
