Similar to GBPJPY Expected Long But Watch for Bears
Both Pairs move in similar ways but at different movement gaps. GBPJPY moved 600 pips last week to EURJPY 's 450 pips. For now, wait for the market to tell you what to do as we have some Brexit news this week early which can wipe out last weeks move. If news remains positive as it was last week and economies futures continue to brighten we can see a nice jump to that 126 zones. Also bear in mind that JPY also has some low impact news this week but has remained relatively in good standing so we can see retracements down to 121-120 areas.
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