EURJPY bullish flag in making
EURJPY is testing the consolidation and is making a bullish flag just below important 126.50. A break above this level after the long-term falling trend line break will give us a higher probability of the long trade entries. A break below 126 is now required for the downside reversal. The overall medium-term is an uptrend but we need to see a confirmed break above 126.50 for upside continuation. Use the consolidation to build a long trade position and target 129 as long as it is above 125.
Note – We are inclined to long trade entries with the stop loss below 125.50 on a clear confirmed break above 126.40.
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