On the 4HR of the EURJPY we have a Higher High and a newly formed Higher low which has also formed with an inverted head and shoulders. This is good setup with a nice Risk to Reward Ratio. I'm anticipating a new higher high formation which would also be a wave 3 off the initial impulse move that started around the 7th of May 2020. Our stop loss is currently below the right shoulder or support structure (83pips) for an upside target of 230+ pips