This month was one of range and gains consolidation for EurJpy with the pair trading in a tight range around 130 psychological resistance. I believe that a new leg up will follow for this pair and 132 is my first target
Thanks for sharing. But 130 is not only a psychological resistance. 200 months moving average is standing at 130.37. AUDJPY is capped by the same indicator for three months by now. That said, EURJPY has been rising for 6 months non-stop, and I wouldn't be surprised to see it at 132. Let's first see if it can close this month above 130.4. By the way, CHFJPY has been flirting with its 5-year high, and quite persistently. Overall, JPY looks very cheap for long term traders.