EURJPY & The Bull Run

This pair had a major pull-back at the beginning of the that retested this daily support level. On the monthly time frame it look as if price is resting a bull flag if price holds at this area we could see a massive move to the up-side to break above the highs. Price is also floating above the 50 EMA on the Weekly time frame and the 200 EEMA on the Daily time frame. On the 4 hour there is a possibility that price could retest or create lower lows before printing a reversal. The safest trade is to wait on the retest of support on the One hour time frame or to use the break and retest method for your entry.