kmderham

EURJPY Long after break, close and retest and a move up

OANDA:EURJPY   Euro / Japanese Yen
We've had a bounce at the 119.50 level and a convincing move to the upside on the daily chart which coincides with the highs from late March before the COVID move south. Open longs once 121 level broken (in line with the green elipse) for profits north of 200 pips up to previous highs of 123.90. Be wary of negative news from EU around upsurges in COVID-19 cases but opening up of lockdown restrictions and upcoming summer travel will stimulate growth in EU and potential risk-on market activity.

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