FX:EURJPY Euro Fx/Japanese Yen
EurJpy has continued to go up short term and is testing the support level 130.4; is oversold on the 1 hourly and encourages buying. However, EurJpy has already gone above previous monthly support at 130.124 which will encourage bears to come in and short making it the "new resistance". This is either a fake out to the downside or will break through short term run and continue downward pressure. Decent Risk to reward for Buying EurJpy for the short-term.