Greetings.
Let’s take a look at one of our favorite pairs – the EUR/JPY.
It looks like the bottom we saw in the beginning of August may hold for just a little while longer as we approach the top-based trend line.
We may potentially have enough bullish strength to push through this trendline and hit up to the 111.00 area and above, however, watch for a potential bounce off the trend line later on in the European market session.
Good luck with trading.
