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EUR/JPY could see bullish break

FX_IDC:EURJPY   EURO / YEN
  • Daily chart shows EUR/JPY             could take out a smaller falling trend line resistance, which then could be followed by a rally to confluence of resistance - larger falling trend line + Apr 28 high of 126.47.
  • Daily RSI is showing an upside break from symmetrical triangle formation...adds credence to the possibility of a rise towards 126.000 levels.
  • On the other hand, failure to take out smaller trend line resistance could open doors for a re-test of area just above 123.00 handle.
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