Chart of the Day EURJPY

EURJPY testing the bullish flag

Today we have EURJPY price action on a watch.

EURJPY is testing the 120.150 level of the upside flag resistance. After bouncing off the 116 level a breakout above 120.150 would čead to an extension higher. A rejection here will leave the downside open.

 

ARMAT trading system is bullish

Note – bullish flag resistance test. Look for long trade entries with the stop loss below 119 upon a break above 120.150

 

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