BULLISH BREAKOUT ON EURJPY

6 May 2021

EURJPY HAS BEEN ON A RELENTLESS UPTREND OVER THE PAST FEW WEEKS AND THIS SEEMS TO BE ABOUT TO CONTNUE AS THE PAIR HAS RECENTLY BROKEN OUT OF A BROKEN OUT OF A BULLISH FLAG PATTERN AS IT ATTEMPTS TO BREACH A MONTHLY SUPPORT TURNED RESISTANCE. IF THE SETUP HOLDS, EXPECT A BREACH AND CONTINUATION IN BULLISH SENTIMENT AS WE HEAD INTO THE NEW WEEK. GOOD LUCK AND MAY THE PIPS BE IN YOUR FAVOUR.