FX:EURJPY   Euro / Japanese Yen
Where in a wider scale upwards trend range. Currently in a downwards phase. Once we break our bearish flag and hit the lower trend line I expect a reversal.

Bottom trendline has been untested so should be strong. Good bearish momentum on 4hr MACD indicates should be a nice reversal also. A small retest on the level set by our bearish flag should send my 10MA through my 30MA giving me lots of confluence to ride this all the way up.

A lot of predictions here. But this is what I'll be watching out for.

As always, open to counter suggestions.


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