EURJPY Fundamentals and more potential UPSIDESHey traders, above is a fundamental overview on EURJPY, we have seen the pair flying recently to 142 levels. that was due to high levels of OIL and fear of inflation in JAPAN as the country is considered an OIL importer which result EURJPY to jump from 138 to 142 Levels, now the price is consolidating. we are watching to buy the retrace of the bull flag breakout where the price is consolidating for the time being. we still see some potential upsides as we have ECB statement on Thursday where we will focus on EURO longs as the EUROPEAN Central Bank is heading towards a hike in interest rate as one of the most hawkish statements around.
Once we will receive any bullish confirmation the trade will be executed.
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