EURJPY - 240 - If it holds, then could be nice for the bulls

Quick idea.

If EURJPY continues to balance above the short-term downside resistance line, this could attract the bulls back into the game and we may see the pair rising again. That said, if the risk-on environment changes to a risk-off one, then there might be a chance to see some increased yen-buying, which could push EURJPY back down again.

Please see the chart for levels and targets.

Don't forget your stop-loss.