FX.co ★ EUR/JPY to hit 119.01: technical analysis for May 28, 2020

Having touched the Mitigation Block at 117.36, EUR/JPY is now moving towards the nearest Daily BUY Stop Liquidity Pool of 119.01. We see clearly on the 4-hour chart the odds are that the pair is set to reach those levels. The pair is likely to continue its climb to the area of 119.06 - 119.20 as long as EUR/JPY does not retrace downwards and closes below 117.68.

The overall bias for EUR/JPY is bullish.

(Disclaimer)