EUR/JPY - Continuation?

 | Jun 09, 2016 08:50AM ET

EUR/JPY

Currently we are 120.83 after the bear flag breakout. We are looking for continuation to the area of confluence at 10.31-42 with a further target the chart bottom at 120.07. Watch for a reversal there. The average daily true range (ATR) for the pair currently is 107 pips.