EURJPY
As a result of the gap formed after the French election, a rally has started and it could bring the price to test the megaphone bearish trendline. We want to point out that the uptrend has very low volumes that, with the failure of gap closure and with the indicators in overbought phases, suggesting a likely rebound to dynamic resistance. Therefore, we are willing to sell if the price reach area 122 with possible targets to close the open gap. However, it is good to pay attention to Thursday where Bank of Japan and ECB meetings could open up new scenarios.
