Stimulus hopes from BoJ pushed yen lower, supporting EUR/JPY to hit new 1-week highs at 114.54.
Risk-on sentiment remains firm supporting the upbeat momentum in EUR.
Data released earlier today showed German CPI data was largely in line with expectations.
Euro extends gains after German CPI data, currently, EUR/JPY trades at 114.51. Techs support further upside.
Immediate support and resistance are seen at 113.70 (trendline) and 114.42 (100-DMA).
Good to long breakout above 114.42, SL: 113.70, TP: 115/115.46/116
Risk-on sentiment remains firm supporting the upbeat momentum in EUR.
Data released earlier today showed German CPI data was largely in line with expectations.
Euro extends gains after German CPI data, currently, EUR/JPY trades at 114.51. Techs support further upside.
Immediate support and resistance are seen at 113.70 (trendline) and 114.42 (100-DMA).
Good to long breakout above 114.42, SL: 113.70, TP: 115/115.46/116
Comment:
TP1 achieved. Bullish bias remains.
Comment:
All targets hit.
Risk averse can book full profits.
Momentum still bullish. Close above 116 could see gains upto 118 levels
Risk averse can book full profits.
Momentum still bullish. Close above 116 could see gains upto 118 levels
